RAJESH KUMAR GUPTA vs. INCOME TAX OFFICER,JAMMU

Bench: HON'BLE THE CHIEF JUSTICE,HON'BLE MR. JUSTICE RAJNESH OSWAL

2. In terms of order dated 15.01.2013, CIT (A) Jammu confirmed the disallowance of expenditure in light of Section 40(a) (ia) of the Income Tax Act, 1961. This Court, vide order dated 08.10.2014, framed the following substantial questions of law: (i) Whether Sec. 40 (a) (ia) of the Income Tax Act can be invoked to disallow the expenditure, which