DY. C.I.T. CENTRAL CIR.-1(3), NAGPUR vs. M/S SPACEWOOD FURNISHERS PVT. LTD , NAGPUR
In the result, Revenue’s appeal is dismissed
ITA 163/NAG/2019[2013-14]Status: DisposedITAT Nagpur11 Jul 2024AY 2013-14
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Abhay AgrawalFor Respondent: Shri Abhay Y. Marathe
Section 143(3)Section 154
171) (Mad HC)
ITO v. Volkart Brothers (82 ITR 50) (SC).
4. CIT v. R. K. Shrivastav (HUF) (298 ITR 53) (Delhi HC).
5.7 Considering the facts and circumstances and judicial precedents cited, the appellant deserves to succeed as the disallowance of prior-period expenses of Rs.17,65,162/- cannot be subject matter of rectification under section
