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2017 (12) TMI 1624 - AT - Income TaxDisallowance of Business Promotion Expenses - allowable busniss expenditure u/s 37 - non rejection of books of accounts - Held that:- It is an undisputed fact that neither the Ld. AO not the Ld CIT(A) pointed out any discrepancy relating to the “Business Promotion Expenses” with reference to the books of accounts of the assessee. Books of accounts of the assessee are not rejected. Though, the Ld. AO and for that matter Ld. CIT(A) made the ad hoc disallowance, there does not appear to be any basis for the same. It is not in dispute that vide letter dated 26/09/2014 the assessee has always been maintaining that expenses are purely and comprehensively further business purpose. There is no dispute that any of these expenses are not for business purpose. It is not the case of the Revenue that any of these expenses is towards personal expense of any person relating to the assessee. Thus it is difficult to sustain the ad-hoc disallowance, in the absence of authorities pointing out any discrepancy in respect of these expenses - decided in favour of assessee.
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