ASST. COMMISSIONER OF INCOME TAX, PANVEL CIRCLE PANVEL vs. OUTABOX MEDIA SOLUTIONS LLP, GHATKOPAR MUMBAI

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ITA 177/PUN/2024Status: DisposedITAT Pune07 November 2024AY 2017-18Bench: SHRI R. K. PANDA (Vice President), MS ASTHA CHANDRA (Judicial Member)19 pages
AI SummaryPartly Allowed

What did the Tribunal hold?

The Tribunal held that while the assessee's claim of payments through banking channels and reasonable profit rate was noted, the lack of complete addresses and shared PANs indicated revenue leakage. Therefore, a lump sum disallowance was deemed appropriate.

What were the facts?

The assessee, an LLP providing advertisement services, claimed contract expenses for wall painting and labour. The Assessing Officer (AO) disallowed a portion of these expenses, deeming them bogus due to insufficient details and discrepancies like shared PANs among vendors.

What were the issues?

Whether contract expenses claimed by the assessee were genuine, and if not, what was the appropriate disallowance amount. The issue of vendor verification and the validity of shared PANs were central.

Which sections of the Income-tax Act were involved?

Section 143(2),Section 142(1)

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Income Tax Appellate Tribunal, PUNE BENCH “A”, PUNE

Before: SHRI R. K. PANDA & MS ASTHA CHANDRA

For Appellant: Shri Gunjan H Kakkad
For Respondent: Shri Ramnath P Murkunde

आदेश की प्रतितिति अग्रेतिि/Copy of the Order is forwarded to: अपीलार्थी / The Appellant; 1. 2. प्रत्यर्थी / The Respondent 3. The concerned Pr.CIT 4. DR, ITAT, „A‟ Bench, Pune 5. गार्ड फाईल / Guard file.

आदेशानुसार/ BY ORDER, // True Copy //

Senior Private Secretary आयकर अपीलीय अधिकरण ,पुणे / ITAT, Pune S.No. Details Date Initials Designation 1 Draft dictated on 29.10.2024 Sr. PS/PS 2 Draft placed before author 05.11.2024 Sr. PS/PS Draft proposed & placed before the 3 JM/AM Second Member Draft discussed/approved by Second 4 AM/AM Member 5 Approved Draft comes to the Sr. PS/PS Sr. PS/PS 6 Kept for pronouncement on Sr. PS/PS 7 Date of uploading of Order Sr. PS/PS 8 File sent to Bench Clerk Sr. PS/PS Date on which the file goes to the Head 9 Clerk 10 Date on which file goes to the A.R. 11 Date of Dispatch of order

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