2017 (6) TMI 1309

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..... rtment by: Shri Anil Kumar Sharma, Sr. D. R.; ORDER I. C. Sudhir, This is an appeal filed by the assessee against the order dated 29.01.2014 passed by the learned CIT (Appeals). The assessee is a Law Firm (Advocates & Solicitors). It has filed its return of income declaring total income of Rs. 4,86,96,900/-. The assessment was computed by the Assessing Officer at an income of Rs. 4,96,50,012 .....

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..... and exclusively for the purposes of the business. The assessee is maintaining regular books of accounts. These books of account have been audited and tax audit report has also been filed. The auditor has also certified that there is no personal element in any of the expenditure recorded in the books of account. 3.1 It was further contented that the learned Assessing Officer has disallowed the e .....

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..... ies. 3.3 We have considered the rival submissions and perused the record. On going through the same we note that the disallowance has been made by the Assessing Officer merely on estimate basis. The learned CIT (Appeals) has also confirmed the same holding that the entire expenses are not admissible as per the provisions of Section 37(1) of the Act. The disallowance has been made merely by indul .....

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