KRISHI UPAJ MANDI SAMITI,NARSINGPUR vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 2(1), JABALPUR

In the result, both the appeals are partly allowed for statistical purposes

Bench: Shri Anadee Nath Misshra

Loss Account, the AO noted that the appellant claimed the expenses of Gratuity & Pension payable of Rs.53,328/-. The expenses were not incurred on or before the date of furnishing the return of income u/s 139(1) of the Act thereby violating the provisions of section 43B of the Act. Accordingly, the AO made addition of Rs.53,328/- on account

KRISHI UPAJ MANDI SAMITI ,NARSINGPUR vs. ASST. COMMISSIONER OF INCOMETAX, CIRCLE 2(1), JABALPUR