2009 (2) TMI 845

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..... the order dated 14th of March 2005, of Commissioner of Income Tax(A) - XI, Mumbai. We have heard the parties and perused the record. 2. Ground No. 1 is as under:- 1. On the facts and in the circumstances of the case and in law, the Ld. CIT(A)-XI, Mumbai has erred in restricting the addition of ₹ 3,01,110/- in the place of ₹ 7,52,775/- on account of business promotion expenses .....

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..... ng of personal nature. The CIT(A) has has reduced the disallowance to 10%. 4. The learned Departmental Representative contended before us that there is no basis for reducing the disallowance to 10% by the CIT(A). Since most of the expenditure was not supported by vouchers, the disallowance made by the Assessing Officer was justified. 5. The learned counsel for the assessee, on the other hand .....

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..... should not be adopted in regular assessment. We accordingly hold that the disallowance at the rate of 20% would be reasonable, the same being based on the disallowance made in the block assessment and accepted by the assessee. The ground of appeal raised by the Revenue is thus partly allowed. 7. Ground No. 2 is as under:- 2. On the facts and in the circumstances of the case and in law, th .....

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