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In favour of assessee.As the AO has made disallowance u/s 40A(2)(b) in respect of income which the assessee in his opinion ought to have earned rather than certain expenses incurred,thereby deleting the disallowance.

Shanti Prime Publication Pvt. Ltd.

Sec. 40A(2)(b) of Income Tax Act, 1961—Business Disallowance—KEC DELCO DUTSAN (JV) vs. ITO.[2020] 25 ITCD Online 003 (ITAT-DELHI)

In favour of assessee.As the AO has made disallowance u/s 40A(2)(b) in respect of income which the assessee in his opinion ought to have earned rather than certain expenses incurred,thereby deleting the disallowance.

Shanti Prime Publication Pvt. Ltd.

Sec. 40A(2)(b) of Income Tax Act, 1961—Business Disallowance—KEC DELCO DUTSAN (JV) vs. ITO.[2020] 25 ITCD Online 003 (ITAT-DELHI)

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In favour of assessee.As the AO has made disallowance u/s 40A(2)(b) in respect of income which the assessee in his opinion ought to have earned rather than certain expenses incurred,thereby deleting the disallowance.

In favour of assessee.As the AO has made disallowance u/s 40A(2)(b) in respect of income which the assessee in his opinion ought to have earned rather than certain expenses incurred,thereby deleting the disallowance.

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