ITAT directs readjudication with respect to Disallowance made on expense incurred u/s 37(1) of Income Tax Act [Read Order]

ITAT readjudication - respect Disallowance us 37(1) of Income Tax Act - TAXSCAN

The Two member bench of Income Tax Appellate Tribunal (ITAT) of Bangalore directed readjudication with respect to disallowance made on expenses incurred under Section 37(1) of the Income Tax Act, 1961. The Assessee Ambika Ghorpade filed this appeal .During the assessment proceedings Ao disallowed  certain expenses incurred by the assessee u/s 37(1) of the Act.  …

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