Decision disallowing expenditure remanded as without a clear cut finding
May. 10, 2016
The assessee's claim under s 80-IA for deduction of income from letting of bonded warehouse as being part of infrastructure in the business of running a CFS, and a claim under s 37(1) for major portion of expenditure relatable to the assessees business activity allowed by the AO and reversed by the Commissioner, but held eligible by ITAT. ITAT remanded the matter as the Commissioners decision disallowing expenditure without a clear cut finding.