9911796707
TMI Blog2015 (4) TMI 467X X X X Extracts X X X X X X X X Extracts X X X X ..... at Ld. CIT(A) has rightly deleted the addition on this account. In view of the above, we are of the view that no interference is called for in the well reasoned order - Decided against Revenue. - ITA No. 5437/Del/2012 - - - Dated:- 16-2-2015 - H. S. Sidhu, JM And J. S. Reddy, AM,JJ. For the Appellant : Shri B R R KUMAR, Sr. DR For the Respondent : Shri Deepak Malik, Adv. ORDER Per: H S Sidhu: The Revenue has filed the present appeal against the impugned order dated 16/7/2012 passed by the Ld. Commissioner of Income Tax (Appeals)-XI, New Delhi on the following grounds:- 1. The Ld. CIT(A) erred on facts and in law in deleting the addition of ₹ 9,55,587/- made by the AO on account of subscription charges. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved against the impugned order and filed the present appeal before the Tribunal. 5. Ld. Counsel of the assessee relied upon the order of the Ld. CIT(A). On the other hand, Ld. Sr. DR relied order of the AO. 6. We have heard both the counsel and perused and considered the relevant record available with us specially the impugned orders passed by the Revenue Authorities. We find that Ld. First Appellate Authority has elaborately discussed the issues in dispute by considering the submissions of the Ld. Counsel of the assessee and adjudicated the issues no. (1) (2) as mentioned in Grounds of Appeal as under:- GROUND NO. (1) regarding addition of ₹ 955587/- on account of subscription charges I have perused all the details fil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds of appeal is ruled partly in favor of the appellant. GROUND NO. (2) regarding addition of ₹ 11,23,923/- on account of repair and maintenance of flats. I have perused the details provided by the appellant. The expenditure has been incurred on residential flats owned by the appellant and provided to the employees. The expenditure is clearly a business expenditure and allowable u/s. 37. The addition on this account is therefore deleted. The grounds of appeal is ruled in favor of the appellant. 7. With regard to deletion of addition of ₹ 9,55587/- made by the AO on account of subscription charges is concerned, we find that the Ld. CIT(A) has held that these expenses have been properly explained by the assessee that th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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