TMI Blog2019 (6) TMI 447X X X X Extracts X X X X X X X X Extracts X X X X ..... . We do not find any error. This question is, therefore, not entertained. Addition on account of water charges paid to BMC - Tribunal deleted the disallowance and not upholding the order of CIT(A) confirming the said disallowance, on the ground that the said expenditure was allowable u/s 23(1) being incurred for conducting specific event - HELD THAT:- Expenditure was towards water charges paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to the conclusion that the club had collected money from the members for food and refreshment out of which a sum of ₹ 9.20 Lakhas was retained while releasing the payment in favour of the caterer. This was, thus, a sum collected from the members on the principle of mutuality. This amount was, therefore, not taxed. While making payment to the caterer from the amount collected from the me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect in deleting the disallowance of ₹ 71,83,168/- u/S. 14A, confirmed by the CIT(A) and holding that the Assessing Officer should examine the matter on this issue on the assessee's point of view? (ii) Whether on the facts and circumstance of the case and in law, the Tribunal was correct in deleting the disallowance of ₹ 7,98,051/- made on account of water charges paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Question No. (ii) pertains to disallowance of sum of ₹ 7.98 Lakhs claimed by way of expenditure by the assessee. The expenditure was towards water charges paid by the assessee to the Bombay Municipal Corporation in relation to rented premises. The Assessing Officer was of the view that this did not form the part of the Corporation charges and therefore was to be disallowed. Sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for food and refreshment out of which a sum of ₹ 9.20 Lakhas was retained while releasing the payment in favour of the caterer. This was, thus, a sum collected from the members on the principle of mutuality. This amount was, therefore, not taxed. 6. It may be seen that while making payment to the caterer from the amount collected from the members, the club had retained a small porti ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
