5 results for “disallowance”+ Section 70(3)clear
Sorted by relevance
Key Topics
The appeal is dismissed
Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN
3] dated 29.12.2009 by disallowing claim of indirect expenses thereby making an addition of `9,56,65,810/-. In appeal, the 1st Appellate Authority quashed the disallowance of `7,70,72,993/- and addition was restricted to `1,85,92,817/-. For the addition sustained, penalty proceedings were initiated under Section