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TMI Blog2021 (5) TMI 940X X X X Extracts X X X X X X X X Extracts X X X X ..... KTIJIT DEY (JM): This is an appeal by the revenue against order dated 06-03-2018of learned Commissioner of Income-tax (Appeals)-54, Mumbai for the assessment year 2013-14. 2. In ground 1, the revenue has challenged the deletion of disallowance of Rs. 1,73,95,853/- made under section 37(1) of the Act. 3. Briefly the facts are, the assessee is a resident company stated to be the largest shipping ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sment proceedings, the assessing officer noticed that the assessee has debited certain expenditure for making payments to port employees and some other expenditure, which are otherwise not sanctioned as per law of the land. He further observed, the amount claimed as expenditure was neither credited nor debited to the P&L Account, but were routed through the balance-sheet. Further, he observed, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... followed the same and deleted the disallowance made by the assessing officer. 4. Shri Y.P. Trivedi, learned Senior Counsel appearing for the assessee, at the outset, submitted that the issue is squarely covered by the decision of the Tribunal in assessee's own case for assessment year 2014-15. He also drew our attention to the relevant observations of the Tribunal in the said order. 5. Shri Manp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessing officer. Facts being identical, respectfully following the aforesaid decision of the Tribunal in assessee's own case, we uphold the order of learned Commissioner of Income-tax (Appeals) on the issue. Ground raised is dismissed. 7. In ground 2, revenue has challenged the deletion of disallowance of Rs. 13,54,609/- under section 14A of the Income-tax Act, 1961. 8. Before us, the lea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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