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Showing contexts for: turnover decrease in Acit 13(3)(2), Mumbai vs Tarapur Transofrmers Ltd, Mumbai on 5 July, 2019Matching Fragments
4. The last issue to be decided in the appeal of the revenue for Asst Year 2011-12 is as to whether the ld CITA was justified in deleting the disallowance made by the ld AO on account of increase in office and administrative expenses of Rs 61,15,842/- in the facts and circumstances of the case.
4.1. The ld AO observed that office and administrative expenses had substantially increased from Rs 1,39,36,108/- to Rs 2,00,51,950/- despite the steep decrease in turnover of the assessee. Accordingly, he disallowed the difference of Rs 61,15,842/- ( 20051950 - 13936108) in the assessment. The ld CITA deleted the same by observing as under:-