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2009 (8) TMI 3

..... – AO disallowed the expenses and made addition from inward and outward freight expenses 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 .....

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..... ficer was not able to bring on record any additional 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 .....

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..... and firewood expenses and also on account 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 .....

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..... fore him was verified 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 im .....

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