9911796707
TMI Blog2018 (12) TMI 625X X X X Extracts X X X X X X X X Extracts X X X X ..... -up of the expenditure with supporting documents claimed as deduction - Held that:- No merits in the arguments advanced by the Ld.AR. The assessee and its Ld.AR have grossly failed to furnish the details sought by the Revenue at the time of assessment proceedings as well as first appellate proceedings. This lethargic attitude of the assessee is not appreciable. However in the interest of justi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee are directed against the order passed by the learned Commissioner of Income Tax (Appeals)-15, Chennai dated 27.06.2017 in ITA No.061/2015- 16/A.Y.2012-13/CIT(A)-15 for the assessment year 2012-13 passed U/s.250(6) r.w.s. 143(3) of the Act. 2. Revenue s Appeal:- The Revenue has raised several grounds in its appeal however the crux of the issue is that the Ld.CIT(A) has erred in direct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act was issued on 06.08.2013. Finally assessment order was passed U/s.143(3) of the Act on 30.03.2015 wherein the Ld.AO made several additions. 5. Revenue s Appeal: At the outset, the Ld.AR submitted before us that the above mentioned appeal is not maintainable due to the latest Circular No.3/2018 dated 11.07.2018 issued by the CBDT with respect to monetary limit. Hence, it was pleaded th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... perative expenses. Therefore the Ld.AO disallowed the same as allowable expenditure and added back to the income of the assessee. On appeal the Ld.CIT(A) confirmed the order of Ld.AO because the assessee had not furnished the complete break-up of the expenditure with supporting documents claimed as deduction for ₹ 1,47,95,439/-. 6.1 At the outset the Ld.AR pleaded that the matter may be r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Revenue in their proceedings failing which the Ld.Revenue Authorities are at liberty to pass appropriate orders in accordance with merit and law based on the materials on record. 7. In the result the appeal filed by the Revenue is dismissed and the appeal of the assessee is allowed for statistical purposes as indicated herein above. Order pronounced on the 13th August, 2018 at Chennai. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
