TMI Blog2011 (4) TMI 1369X X X X Extracts X X X X X X X X Extracts X X X X ..... Kumar., Adv. ORDER PER K. D. RANJAN, AM: 1. This appeal by the Revenue for the Assessment Year 2005-06 arises out of the order of Ld. CIT(A)-I, New Delhi. The grounds of appeal raised by the Revenue are reproduced as under: 1) The order of the Ld. CIT(A) is not corrects in law and f acts. 2) In the facts and circumstances of the case, Ld. CIT(A) has erred in law a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny s accounts had been audited as per the Companies Act as well as Income tax Act. There was no qualification from auditors that any element of unverifiable / unvouched expenses were claimed by the assessee. Merely because the expenditure was incurred by the directors, no ad-hoc disallowance could be made in the hands of the assessee company. Ld. CIT(A) after considering the submissions of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f Sayaji Iron Engineering Co. Vs CIT 253 ITR 749. 5. We have heard both the parties and gone through the material available on record. From the assessment order, we find that the Assessing Officer had disallowed the entire expenses of ₹ 14,87,799/- on the ground that expenses were in the shape of hotel bills of the directors. He has not examined the case as to how the expenses were no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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