No Disallowance shall be made u/s 37(1) of Income Tax Act on Site Expenses Incurred for Railway Business: ITAT deletes Ad-Hoc Disallowance [Read Order]

disallowance - Income Tax Act - Site Expenses - Railway Business - ITAT - deletes Ad-Hoc - taxscan

The Income Tax Appellate Tribunal (ITAT) Kolkata  Bench while deleting the ad-hoc disallowance held that no disallowance should be made under Section 37(1) of Income Tax Act, 1961 on site expenses incurred for railway business . The assessee Durga Signal Infra Pvt. Ltd. is engaged in the business as a Railway contractor and supplier. After…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader