2014 (6) TMI 409

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..... made a disallowance of Rs.37,60,774.00 inclusive of a disallowance of Rs.87,285.00 out of interest expenditure and the balance of Rs.36,73,516.00 on account of administrative expenses - the disallowance on account of interest expenditure was not sustainable but restored the disallowance in respect of the balance to the AO - since the matter has been restored to the AO, thus, no substantial questio .....

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..... ation – Decided against Assessee.
Hon'ble Dr. Dhananjaya Yeshwant Chandrachud,CJ And Hon'ble Dilip Gupta,JJ. For the Appellant : S. K. Garg, Ashish Bansal For the Respondent : C. S. C., It ORDER The appeal by the assessee under Section 260A of the Income Tax Act, 1961 arises from a judgment of the Income Tax Appellate Tribunal dated 23 December 2013. The assessment year to which th .....

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..... the first ground is concerned, the Tribunal has restored the proceedings back to the Assessing Officer for working out the amount of disallowance. The Assessing Officer made a disallowance of Rs.37,60,774.00 inclusive of a disallowance of Rs.87,285.00 out of interest expenditure and the balance of Rs.36,73,516.00 on account of administrative expenses. The Tribunal held that the disallowance on ac .....

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..... income, we find that no substantial question of law would arise. In so far as the second ground is concerned, it relates to disallowance of Rs.1,93,389.00. The Tribunal has furnished cogent reasons. The assessee had paid commission to nine individuals. As the Tribunal observed, no details regarding the services rendered were filed by the assessee nor was any confirmation in respect of the commis .....

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