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

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 Top Stories

Published on

08/11/2025

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 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.

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

Membership Required

Latest articles

Inconclusive Lab Reports Can’t Decide Customs Classification: CESTAT Orders Retesting of Imported “Thinner” Goods

CESTAT Upholds Excise Duty Demand for Clandestine Clearances Based on Unretracted Confessional Statement

Clandestine Removal Cannot Be Alleged on Assumptions Alone: CESTAT Quashes Rs. 50 Lakh Excise Demand

AO Must Examine Allocation of Head Office Expenses Before Granting S. 80-IA Deduction: Calcutta High Court Upholds S. 263 Revision

More like this

Inconclusive Lab Reports Can’t Decide Customs Classification: CESTAT Orders Retesting of Imported “Thinner” Goods

CESTAT Upholds Excise Duty Demand for Clandestine Clearances Based on Unretracted Confessional Statement

Clandestine Removal Cannot Be Alleged on Assumptions Alone: CESTAT Quashes Rs. 50 Lakh Excise Demand

About us

Company

Categories