DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4,, NAGPUR vs. SONU MONU AGRO PRIVATE LIMITED, NAGPUR
In the result, Department's appeal stands dismissed
ITA 62/NAG/2024[2020-21]Status: DisposedITAT Nagpur03 Mar 2025AY 2020-21
Section 10(1)Section 143(2)Section 14A(1)
section 14A(1) of the I.T. Act, 1961 for the purposes of computing the\ntotal income under this Chapter, no deduction shall be allowed in respect of\nexpenditure incurred by the assessee in relation to income which does not\nform part of the total income. The Prudent assessee might have suo-moto\ndisallowed the expenses amounting to Rs. 12.90 Crore
