Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 699 - AT - Income TaxAddition on account of disallowance of business promotion expenses – Held that:- The CIT (A) has rightly adjudicated the issue of disallowance of business promotion expenses - the assessee is under statutory obligation to prove that the expenditure by way of silver coins is expanded wholly and exclusively for business purposes and not for the personal reasons - The assessee failed to do so – Decided against Assessee. Ad-hoc Disallowance of conveyance and general office expenses – Held that:- CIT (A) has rightly restricted the disallowance @7.5%, out of the conveyance and general office expenses incurred by the assessee which would meet the both ends of justice – Personal element can be seen in general office expenses and some what extent in conveyance expenses - decided against Assessee.
|