M/S R. S. SHETYE & BROS,PANAJI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1(1), PANAJI
In the result, the appeal filed by the assessee is partly allowed
ITA 37/PAN/2023[2016-17]Status: DisposedITAT Panaji27 Feb 2026AY 2016-17
Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. No.37/Pan/2023 (A.Y.2016-17) R.S.Shetye & Bros, Vs Acit 1(1), Flat.No.14, 1 St Floor, Aaykar Bhavan, . Trionara Apartments, Edc, Patto, New Muncipal Market, Panjim Panaji- Goa-403001. Goa-403001. Pan .No.Aabfr9785N (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)
Section 3
section
3
ITA. No.37/PAN/2023
R.S.Shetye and Bros.
135 of the companies Act2013 shall not be deemed to be an expenditure incurred for the purpose of business and also the assessee has not proved that they are incurred
/incidental to the business of the assessee and made disallowance of Rs.8,66,910/- (ii)the second disputed issue that the assessee
