KHANNA AUTOMOBILES REWA,REWA vs. INCOME TAX OFFICER, REWA
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 39/JAB/2024[2014-15]Status: DisposedITAT Jabalpur30 Jun 2025AY 2014-15
Bench: Shri Kul Bharat & Shri, Nikhil Choudharyassessment Year: 2014-15 Khanna Automobiles V. Income Tax Officer 01 M/S Khanna Automobile, Ward-1 Bus Stand, Rewa, Madhya Income Tax Office, Kothi Pradesh-486001. Compound, Behind Customer Forum, Rewa- 486001. Pan:Aahfk4140J (Appellant) (Respondent) Appellant By: Shri Sapan Usrethe, Adv. Respondent By: Shri Alok Bhura, Sr. Cit(Dr) Date Of Hearing: 20 05 2025 Date Of Pronouncement: 30 06 2025 O R D E R
For Appellant: Shri Sapan Usrethe, AdvFor Respondent: Shri Alok Bhura, Sr. CIT(DR)
Section 143(2)Section 143(3)Section 147Section 148
264/- without appreciating that in view of settled legal position the expenses cannot be disallowed when no income from exempt income was disclosed.
5. The learned Commissioner of Income tax (Appeal) NFAC was not justified in confirming the addition of Rs.15,00,000/- on account of credit appearing in the books of account of Ms. Khanna Polyware Pvt. Ltd., without
