SHRI OM PARKASH LEGAL HEIAR SMT PUSHPA VERMA,JALANDHAR vs. INCOME TAX OFFICER WARD-1(3), JALANDHAR
In the result, the assessee’s appeal is dismissed
ITA 756/ASR/2017[2014-15]Status: DisposedITAT Amritsar31 Oct 2018AY 2014-15
Bench: Sh. Sanjay Arorai.T.A. No. 756/Asr/2017 Assessment Year: 2014-15
For Appellant: Sh. Ashray Sarna (C.A.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 145(3)Section 41(1)Section 41(1)(a)Section 68
disallowed as an expenditure for the year in which it is incurred, contracting a ‘liability’ in its respect and, even otherwise, the ‘benefit’ in its respect arising in that year itself, even as explained in Jain Exports (P.) Ltd.
(supra). In fact, in the facts of the present case, the ld. CIT(A) has, in view of the assessee having
