315 results for “disallowance”+ Section 26clear
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Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
disallowed under section 57(iii) of the Act. The gist of the observations of the AO are as follows:- ―1. The assessee is not eligible to claim expenditure u/s 57(iii) of the Act as he is not offering any income. 2. The assessee has not brought on record any evidence in support of his shown that the investments made