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…

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