AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]

By Kalyani B. Nair - On October 18, 2023 8:00 pm - 2 mins read

Disallowance - Delhi high court - Income Tax Act - Income tax - Assessing Officer - AO has to form Opinion before Recording Disallowance - Under section 40A(2)(a) - TAXSCAN

In a recent decision the Delhi High Court observed that the Assessing Officer has to form an opinion before recording disallowance under Section 40A(2)(a) of the Income Tax Act, 1961. For the Assessment Year 2011-12, the Assessing Officer held that the appellant/assessee, Mehra Jewel Palace, had debited salary of Rs.29,42,930/- including Rs.24,00,000/- paid to the…

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Topics

AO CIT(A)Delhi High Court Income Tax Act 1961 Rajiv Shakdher