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2015 (4) TMI 467 - ITAT DELHIDisallowance of subscription charges and repair and maintenance of flats charges - Held that:- CIT(A) has held that these expenses have been properly explained by the assessee that these were related to its business. Hence, we find that the Ld. CIT(A) has rightly deleted the addition of ₹ 9,55,587/-. In view of the above, we are of the view that no interference is called for in the well reasoned order. CIT(A) has rightly held that the expenditure has been incurred on residential flats owned by the assessee and provided to the employees. The expenditure is clearly a business expenditure and allowable u/s. 37. Therefore, we find that Ld. CIT(A) has rightly deleted the addition on this account. In view of the above, we are of the view that no interference is called for in the well reasoned order - Decided against Revenue.
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