The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that disallowance of expenditure does not constitute “income represented in the form of an asset,” as required under Section 149(1)(b) of the Income Tax Act. The bench of Sudhir Kumar (Judicial Member) and M. Balaganesh (Accountant Member) has observed that the provisions of Section…
HomeDirect TaxDisallowance Of Expenditure Doesn’t Constitute “Income Represented In The Form Of An...
Disallowance Of Expenditure Doesn’t Constitute “Income Represented In The Form Of An Asset: ITAT
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.
Latest articles
Case Compilation
Jurishour | Tax Law Daily Bulletin : April 22, 2026
Here’s the Tax Law Daily Bulletin for April 22, 2026.GSTRS. 50K COST IMPOSED FOR...
Other Laws
Govt. Grant Prevails Over Rent Law: Supreme Court Holds Eviction Cannot Be Sought Under Delhi Rent Control Act in Absence of Lease Provision
The Supreme Court has held that premises occupied under a Government grant cannot be...
Other Laws
Civil Courts Can’t Adjudicate Disputes on Municipal Limits: Supreme Court Dismisses Panchayat’s Appeal
The Supreme Court has held that disputes relating to the determination and extension of...
Other Laws
Secured Creditor to Take Possession for Auction Under SARFAESI: Supreme Court Orders Closure of Defaulting School
The Supreme Court has directed the permanent closure of a school run by defaulting...
More like this
Case Compilation
Jurishour | Tax Law Daily Bulletin : April 22, 2026
Here’s the Tax Law Daily Bulletin for April 22, 2026.GSTRS. 50K COST IMPOSED FOR...
Other Laws
Govt. Grant Prevails Over Rent Law: Supreme Court Holds Eviction Cannot Be Sought Under Delhi Rent Control Act in Absence of Lease Provision
The Supreme Court has held that premises occupied under a Government grant cannot be...
Other Laws
Civil Courts Can’t Adjudicate Disputes on Municipal Limits: Supreme Court Dismisses Panchayat’s Appeal
The Supreme Court has held that disputes relating to the determination and extension of...

