2012 (10) TMI 132

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..... 37(2A) of the I.T.Act. no error was committed by the I.T.A.T. in the impugned order - in favour of assessee. Disallowance of gifts and articles - Held that:- There was Company's official rubber stamp on gift articles, therefore, the gift articles were for the purpose of incentive for promotion of the business. There was element of advertisement in distribution of these gift articles, therefore, .....

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..... rnished by the assessee, the Tribunal set aside the orders of the Assessing Officer and C.I.T.(Appeals) without considering this question before it. However, learned counsel for the appellant submits that in addition to the above question the appellant is also challenging the finding of the I.T.A.T whereby the I.T.A.T. has set aside the order passed by the A.O. and the C.I.T.(Appeal) in relatio .....

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..... was disowned by the Assessee in computation of the total income. The I.T.A.T relied upon the orders passed in the earlier case and held that there was element of advertisement in distribution of these gift articles, therefore, the Assessee was entitled to the benefit. Learned I.T.A.T also held that the Assessee has claimed Rs.5,39,343/- on account of entertainment expenditure whereas C.I.T.(App .....

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