2002 (11) TMI 15

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..... g the disallowance regarding the above exepnses - - - - - Dated:- 27-11-2002 - Judge(s) : G. SIVARAJAN., K. BALAKRISHNAN NAIR. JUDGMENT The judgment of the court was delivered by G. SIVARAJAN J.-An assessee under the Income-tax Act is the appellant. It is a company incorporated with the main object of conducting chitties and kuries and lending money on interest. In the assessment of the .....

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..... ant of a portion of the travelling allowance to the extent of Rs. 2,33,972. Regarding the kuri canvassing commission claimed by the assessee, as already noted, the Assessing Officer disallowed Rs. 1,21,875. However, in appeal, the first appellate authority sustained the disallowance only to the extent of Rs. 21,875. The Tribunal upheld the order of the first appellate authority. We have heard Sh .....

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..... d evidence to the satisfaction of the Assessing Officer in regard to the entire expenses. In the circumstances of the case, we do not find any reason to interfere with the finding of fact entered by the Tribunal in this regard. Similarly, regarding the disallowance of kuri canvassing commission to the extent of Rs. 21,875, the Tribunal gave reasons for sustaining the same. The said disallowance re .....

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