Non reply to Section 133(6) of the Income Tax Act, Notice cannot necessarily lead to Disallowance of Petty Expenses: ITAT [Read Order]

Non reply to Section 133(6) of the Income Tax Act, 1961, notice cannot necessarily lead to disallowance of petty expenses, rules, ITAT

By Aiswarya Krishnadas - On February 21, 2024 10:00 am - 2 mins read

Income Tax Act- Notice - necessarily lead - Disallowance - Petty Expenses- ITAT - taxscan

In a significant ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that non reply to Section 133(6) of the Income Tax Act, 1961, notice cannot necessarily lead to disallowance of petty expenses The AO’s failure to acknowledge that the issuance of credit/debit notes is a regular year-end practice for…

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