DCIT v. NCR Business Park (P.) Ltd. (2022) 196 ITD 678 (Delhi) (Trib.)

S. 37(1) : Business expenditure-Carrying on of business-No business activities during the year-Matter remanded.

 Held that there was nothing on record to suggest that such expenses were examined on basis of actual expenditure corroborated by evidence. Therefore, matter was  remanded back to Assessing Officer to evaluate genuineness of expenses on actual expenditure basis and then pass fresh assessment order. (AY. 2014-15)