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2017 (6) TMI 1309 - AT - Income TaxDisallowances on telephone and vehicle maintenance and business promotion expenses. - allowable revenue expenditure u/s 37(1) - HELD THAT:- On going through the same we note that the disallowance has been made by the Assessing Officer merely on estimate basis CIT (Appeals) has also confirmed the same holding that the entire expenses are not admissible as per the provisions of Section 37(1) of the Act. Disallowance has been made merely by indulging into surmises. The appellant has been maintaining regular books of accounts. These books of accounts have been audited. None of the authorities below have given any instance of the personal expenditure having been recorded or any expenditure not being allowable under Section 37(1). In the absence of any specific finding, we are of the view that the CIT (Appeals) was not justified in confirming the disallowance made by the Assessing Officer. - Decided in favour of assessee.
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