Held that the source and authenticity of the information obtained by the Assessing Officer about the prevailing market rate of rent through a search in the internet remained doubtful and could not be said to be an authentic source to conclude that the rent paid by the assessee was excessive. Order of CIT(A) is affirmed. (AY. 2006-07 to 2010-11)
Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)
S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Rent paid for residential accommodation excessive in comparison to market rate-Assessing officer’s reliance on material obtained from internet unreliable-Deletion of addition by commissioner (appeals) upheld.