DCIT CC 5-1, MUMBAI, MUMBAI vs. J KUMAR INFRAPROJECTS LIMITED , MUMBAI

The Appeal of the Assessee is partly allowed and that of the department is dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Shri Prabhash Shankar

u/s 69C of the Act holding them as business expenditure of the assessee on the issue of out of books cash expenditures (murrum expenses) and considering that an addition of 5% of such murrum expenses as business income would suffice instead of the entire addition made by the AO under Section 69C of the Act. 5 J Kumar Infraprojects

J KUMAR INFRAPROJECTS LIMITED,MUMBAI vs. THE DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -5(1), MUMBAI

The Appeal of the Assessee is partly allowed and that of the department is dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Shri Prabhash Shankar

u/s 69C of the Act holding them as business expenditure of the assessee on the issue of out of books cash expenditures (murrum expenses) and considering that an addition of 5% of such murrum expenses as business income would suffice instead of the entire addition made by the AO under Section 69C of the Act. 5 J Kumar Infraprojects

DCIT, MUMBAI vs. J KUMAR INFRAPROJECTS LIMITED, MUMBAI

The Appeal of the Assessee is partly allowed and that of the department is dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Shri Prabhash Shankar

u/s 69C of the Act holding them as business expenditure of the assessee on the issue of out of books cash expenditures (murrum expenses) and considering that an addition of 5% of such murrum expenses as business income would suffice instead of the entire addition made by the AO under Section 69C of the Act. 5 J Kumar Infraprojects

J KUMAR INFRAPROJECTS LIMITED,MUMBAI vs. THE DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -5(1), MUMBAI

The Appeal of the Assessee is partly allowed and that of the department is dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Shri Prabhash Shankar

u/s 69C of the Act holding them as business expenditure of the assessee on the issue of out of books cash expenditures (murrum expenses) and considering that an addition of 5% of such murrum expenses as business income would suffice instead of the entire addition made by the AO under Section 69C of the Act. 5 J Kumar Infraprojects

J KUMAR INFRAPROJECTS LIMITED,MUMBAI vs. THE DY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -5(1), MUMBAI

The Appeal of the Assessee is partly allowed and that of the department is dismissed

Bench: Hon’Ble Shri Sandeep Gosain & Shri Prabhash Shankar

u/s 69C of the Act holding them as business expenditure of the assessee on the issue of out of books cash expenditures (murrum expenses) and considering that an addition of 5% of such murrum expenses as business income would suffice instead of the entire addition made by the AO under Section 69C of the Act. 5 J Kumar Infraprojects

DCIT CC 5 1 MUMBAI, MUMBAI vs. J KUMAR INFRAPROJECTS LTD, MUMBAI

140A(3) of the\nAct has already been declared ultra vires by\ncompetent High Court in country, authority like\nTribunal acting anywhere in country has to respect\nlaw laid down by High Court, though of different\nState, so long as there is no contrary decision of any\nother High Court on that point.\n(Page 15 to 16 of Paper