2009 (7) TMI 1006

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..... ging director and the executives, was deleted? - Revenue's appeal dismissed. - ITA NO 45/09 (O&M) - - - Dated:- 30-7-2009 - ADARSH KUMAR GOEL and DAYA CHAUDHARY MRS. JJ. For Appellent Rajesh Katoch, Standing Counsel. For Respondent Santosh Aggarwal and A.C. Jain, Advocates. Judgment: Notice was issued on condonation of delay. 2. Delay condoned. Heard on the merits. 3. T .....

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..... which the disallowance of Rs. 11,17,288 made by the Assessing Officer being non-verifiable and personal in nature out of staff welfare expenses, was deleted ?" 4.The Assessing Officer disallowed deduction claimed on account of com-mission paid to the managing director and executives and expenditure out of staff welfare which was not verifiable and was personal in nature. On appeal, the claim o .....

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..... iency had to be considered in the context of current socio economic thinking that the busi-ness is a product of combined efforts of the employer and employees and liberal approach has to be adopted to allow expenses for welfare of employees. 8. In view of the above, we are unable to hold that the questions proposed are substantial questions of law. 9. The appeal is dismissed. - - TaxTMI - .....

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