Search Results Page

Search Results

1 - 7 of 7 (0.44 seconds)
Documents citing The Commissioner Of Income Tax vs M/S Porrits & Spencer (A) Ltd on 29 October, 2009

Giriraj Prasad Goyal, Tonk vs Ito Tonk, Tonk on 5 July, 2023

200 & 201/JP/2023 Giriraj Prasad Goyal vs. ITO 7.5 In the case of CIT vs. PORRITS & SPENCER (A) LTD. (2010) 324 ITR 260 (P&H) It has been held that Disallowance of Rs. 2,91,774 made by the AO on account of personal use of cars/telephones was to be deleted, Business expenditure--Disallowance of Rs. 77,552 made by the AO on account of foreign tour expenses incurred on purchase of gifts was deleted as the same was admissible on the principle of business expediency 8.1 Further it is not disputed that the assessee is professional being lawyer and not required to maintain the books of account if as per sec. 44ADA he can declared the 50% profit or income of the gross receipts and in the present case the assessee has already declared more then to 50%. Assessee has shown 50.60% income. Hence no further disallowance is required to be made.
Income Tax Appellate Tribunal - Jaipur Cites 35 - Cited by 0 - Full Document
1