Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]

By Ipsita Das - On August 16, 2023 11:50 am - 2 mins read

Disallowance of Expenditure - Mistake Apparent on Record - Outside Purview - Income Tax Act - ITAT - TAXSCAN

The Jaipur Bench of Income Tax Appellate Tribunal (ITAT), held that the expenditure in relation to increase in authorized share capital is of capital expenditure or revenue expenditure is out of the purview of Section 154 of the Act because this issue is not a mistake apparent on record. The assessee Dhabriya Polywood Limited is…

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Topics

Commissioner of Income Tax (Appeals)Disallowance Income Tax Act ITAT ITAT Jaipur section 154 of the Income Tax Act