Tribunal remanded the matter to the file of the Assessing Officer in respect of failure to deduct tax at source, cash credits, office repairs and maintenance and Disallowance of expenditure in relation to exempt income.(AY. 2006-07 to 2010-11)
Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)
S.37(1): Business expenditure-Failure to deduct tax at source–Royalty-Matter remanded-DTAA-India-Netherlands-Cash credits-Share capital matter remanded-Office repairs and maintenance-Matter remanded-Disallowance of expenditure in relation to exempt income-Income from dividend-Matter remanded to verify assessee’s claim of income being exempt.[S.14A, 40(a)(i),68, 195]