Failure to point out deficiency in books of account of Mobile distribution business: ITAT deletes 30% Disallowance made on Expenditure [Read Order]

ITAT - ITAT Delhi - Income Tax - Mobile Distribution - Mobile Distribution Business - taxscan

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted 30% disallowance made on the expenditure incurred on mobile distribution business due to failure to point out the deficiency in books of accounts. The assessee Zheng Yuan Mobiles Pvt. Ltd is a private limited company, registered under the Companies Act, 2013 and engaged in…

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