TMI Blog2010 (1) TMI 867X X X X Extracts X X X X X X X X Extracts X X X X ..... charged to Profit and Loss account whereas certain expenses are incurred by the assessee on behalf of the principal where the bills are issued in the name of the Principal itself and charged directly to the Principal account - Held that:- matter is restored to the file of the Assessing Officer, appeal allowed for statistical purposes. - ITA No. 1680/Del/2009, - - - Dated:- 29-1-2010 - I.P. B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Ld. CIT was not correct and justified in sustaining the addition of Rs.1,96,650/-. 4. That the appellant reserved the right to add, amends, alter and/or delete any of the grounds of appeal. 5. That on the basis of facts of the case and in view of the circumstances it is prayed that either the additions sustained by the Ld. CIT may please be deleted or the matter may please be restored ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid to the staff and rent paid are reimbursed to some extent and balance is charged to the profit and loss account. The copy of the ledger account of the salary at Pages 47 to 54, rent account at Pages 55-56 and Profit and Loss account at Pages 3 and 4 of the Paper Book are available on record. He invited our attention to Pages 5 to 10 of the Paper Book, which is the ledger account of M/s. Pharmac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es are incurred by the assessee on behalf of the principal where the bills are issued in the name of the Principal itself and charged directly to the Principal account. It appears that the explanation submitted by the assessee has not been considered by any of the authorities below. It will be in the interest of justice, if the matter is restored to the file of the Assessing Officer who will exami ..... X X X X Extracts X X X X X X X X Extracts X X X X
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