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TMI Blog2014 (12) TMI 1201X X X X Extracts X X X X X X X X Extracts X X X X ..... the law, facts and circumstances of the case. 2. Addition of Rs. 4,49,440/- on account of AIR Information On the facts and circumstances of the case, the learned CIT(A) has erred in upholding the addition of an amount of Rs. 4,49,440/- on account of wrong AIR Information in the name of Allied Digital Services Ltd. 3. Disallowance of Rs. 1,80,000/- on account of Partner's Conveyance Allowance On the facts and circumstances of the case, the learned CIT(A) has erred in upholding the disallowance of Rs. 1,80,000/- on account of conveyance allowance without giving any cogent reasons for disallowing said expenses. 4. Disallowance of Rs. 30,510/- on account of Car and Telephone expenses On the facts and circumstances of the case, the learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled. It was stated before the Ld. CIT(A) that AIR information might be erroneous on account of quoting wrong PAN or wrong submission. The Ld. CIT(A), however, held that since the assessee had failed to reconcile the receipts from Allied Digital Services Ltd., hence the AO was justified in making the addition. He also observed that the confirmation of Rs. 1,00,000/- did not tally with the dates of receipts mentioned in the AIR information. 5. We have heard the Ld. representatives of both the parties and have also gone through the records. It is the case of the assessee that it had received only Rs. 1,00,000/- from Allied Digital Services Ltd. However, as per the AIR information, the assessee had received Rs. 4,49,440/- from the said party. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es have been separately debited in the profit and loss account. He therefore disallowed the conveyance allowance and Ld. CIT(A) confirmed the said disallowance. 8. We have considered the rival submissions of the Ld. representatives of the parties. The Ld. A.R. has submitted that in fact the amount in question was not the conveyance allowance rather the same was reimbursement of the actual expenses incurred by the partners in the ordinary course of business. It has been further submitted that the firm owns one car only and hence the outside conveyance as and when required was used by the partners. The expenses were very reasonable. On the other hand, the Ld. D.R. has relied upon the findings of the lower authorities. 9. After considering ..... X X X X Extracts X X X X X X X X Extracts X X X X
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