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Section 1547 Section 40A(3)5 Section 143(3)2

JULIUS RUBEN,KOCHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), KOCHI

In the result, the appeal filed by the assessee is allowed

ITA 219/COCH/2025[2015-16]Status: DisposedITAT Cochin16 May 2025AY 2015-16

Bench: Shri George George K, Vice- & Shri Inturi Rama Rao

For Appellant: Sri.A.Gopalakrishnan, CAFor Respondent: Smt.Leena Lal, Senior AR

Section 139(4)Section 143(3)Section 154Section 250Section 40A(3)

43D of the Act and in the instances stated by the Assessing Officer for an aggregate amount of Rs. 6,55,650 the appellant did not claim any deduction and therefore provisions of section 40A(3) are not applicable. 7. The Hon. Commissioner of Income Tax (Appeals) grossly erred in not accepting that the expense was incurred for purchase