9911796707
TMI Blog2010 (7) TMI 1040X X X X Extracts X X X X X X X X Extracts X X X X ..... d on 07.10.2009 for the assessment year 2005-06 wherein the assessee has raised the following grounds of appeal:- "1. The learned CIT(A) erred in upholding the order of the Assessing Off icer disallowance of electricity expense amounting to ₹ 1,53,527/- and repairs and maintenance expense amounting to ₹ 3,948/- paid for the offices used by the firm for carry on its business activities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the assessee's group companies, office expenses were borne by different sister concerns as per their mutual agreement. The learned AR submitted that the following details and relevant expenses borne by sister concerns:- Sr. No. Office No. Floor Electricity Bill Repairs & Maintenance (Soceity Charges) 1. 1 1st Asian diaplays Asian Displays 2. 2 1st Asian diaplays Asian Displays 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents for the electricity bill and repairs and maintenance charges are being made by different entities of the group. The said understanding is being followed consistently for the past 15 years. The learned AR submitted that the Income-tax Department has never doubted or disputed the above understanding in past 15 years in the case of any entities and all sister concerns are having positive income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment proceedings, the AO noted that the entire expenses represented the payments made by Shri Paresh T. Vora, one of the partner of the assessee firm through his credit card to Citibank. For renewal of credit card, recreation club house expenses, restaurant expenses, etc. From the details filed by the assessee, the total amount of ₹ 46,409/- found debited but the assessee has furnished ..... X X X X Extracts X X X X X X X X Extracts X X X X
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