TMI Blog2017 (12) TMI 1861X X X X Extracts X X X X X X X X Extracts X X X X ..... of the assessee as well as his associated concerns has estimated the additions @0.15% of the accommodation entries and the same rate have been adopted by the lower authorities. The assessee has claimed expenditure of Rs.59,334/- which has been allowed to the extent of 20% by Ld. CIT(A). Since the Tribunal has allowed expenses to the extent of 50%, taking the same stand, we hold that the assessee s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DR raised no objection against the same. Hence, both these appeals stands dismissed in limine. 2. The remaining ITA No. 2695/Mum/2013 for AY 2003-04 contest the order of Ld. Commissioner of Income-Tax (Appeals)-36 [CIT(A)], Mumbai, Appeal No. CIT(A)-36/AP-151/12-13 dated 31/01/2013 qua confirmation of certain estimated additions against accommodation entries. The assessment for impugned AY w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons @0.15% of the accommodation entries and the same rate have been adopted by the lower authorities. The assessee has claimed expenditure of Rs.59,334/- which has been allowed to the extent of 20% by Ld. CIT(A). Since the Tribunal has allowed expenses to the extent of 50%, taking the same stand, we hold that the assessee shall be eligible for expenses to the extent of 50% i.e. Rs.29,667/- 5. R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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