Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
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

Direct Tax

Published on

By Amit Sharma
Disallowance Of Expenditure Doesn’t Constitute “Income Represented In The Form Of An Asset: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

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…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Amit Sharma
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

GST

GST Order Uploaded Only Under ‘Additional Notices’ Tab Without Separate Intimation Set Aside: Calcutta High Court

The Calcutta High Court has set aside a GST adjudication order after noting that...
Direct Tax

Tax Prosecution Can Proceed Without Assessment for False Statements and Failure to File Wealth Tax Returns: Karnataka HC

The Karnataka High Court has held that the absence of a completed tax assessment...
Indirect Taxes

Customs Confiscation of Car and Cash | Appeal Lies Before CESTAT, Not Central Govt. Revision Authority: Madras HC

The Madras High Court has held that a challenge to the confiscation of a...
Indirect Taxes

Car Sale Can Be Complete Without Registration Transfer; Rolls-Royce Seized in Tax Proceedings Ordered to Be Auctioned: Madras HC

The Madras High Court has held, on a prima facie assessment, that handing over...

More like this

GST

GST Order Uploaded Only Under ‘Additional Notices’ Tab Without Separate Intimation Set Aside: Calcutta High Court

The Calcutta High Court has set aside a GST adjudication order after noting that...
Direct Tax

Tax Prosecution Can Proceed Without Assessment for False Statements and Failure to File Wealth Tax Returns: Karnataka HC

The Karnataka High Court has held that the absence of a completed tax assessment...
Indirect Taxes

Customs Confiscation of Car and Cash | Appeal Lies Before CESTAT, Not Central Govt. Revision Authority: Madras HC

The Madras High Court has held that a challenge to the confiscation of a...