Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2009 (8) TMI 3

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on the basis that no bills were produced for such expenses, CIT(A) and ITAT allowed the expenses on the GRN’s (Goods Return Notes) issued by the transporters – Held that - concurrent findings recorded by the CIT(A) as well as the Tribunal are based on appreciation of evidence – order maintained. - 70 of 2009 (O&M) - - - Dated:- 4-8-2009 - ADARSH KUMAR GOEL and DAYA CHAUDHARY, JJ. Mr. Rajesh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al circumstances different from the earlier years where such expenditure has been accepted and allowed disregarding the fact that the assessee has failed to establish the genuiness and identity of the concerned suppliers?" (ii) " Without prejudice to question No.1, whether on the facts and in the circumstances of the case, the Ld. ITAT is right in law in confirming the order of the Ld. CIT(A) in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ccount of inward and outward freight expenses. On appeal, the addition made by the Assessing Officer was ordered to be deleted and the said view was upheld by the Tribunal. On issue of fuel and firewood expenses, it was observed: " However, the claim of the assessee for purchase of firewood was duly supported by documentary evidence in the form of weighment slips and on verification of such sl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ied by the ld. CIT(A) and it was found by him on such verification that comprehensive and systematic record was maintained by the assessee to show that the freight expenses were incurred wholly and exclusively for the purpose of its business. At the time of hearing before us, the ld. DR has not been able to rebut/controvert this finding of fact recorded by the ld.CIT(A) in his impugned order and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates