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TMI Blog2019 (11) TMI 914X X X X Extracts X X X X X X X X Extracts X X X X ..... not disputed by the Revenue, the Assessing Officer allowed 50% of the claim as genuine and the balance expenditure was brought to tax. After considering the written submissions and since the assessee could not produce official receipts for all the schools, the ld. CIT(A) restricted the disallowance to 20% of the total claim of expenditure and partly allowed the ground raised by the assessee. No infirmity in the order passed by the ld. CIT(A), who has given reasonable relief to the assessee. Thus, the ground raised by the assessee stands dismissed. - I.T.A. No. 3297/Chny/2016 (Assessment Year:2013-14) - - - Dated:- 24-9-2019 - Shri Duvvuru RL Reddy, Judicial Member And Shri S. Jayaraman, Accountant Member Appell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k-up of miscellaneous expenses furnished by the assessee, the Assessing Officer noticed that there was an item by name sales promotion expenses - ₹ 43,37,690/-. The assessee was requested to furnish the ledger account copy along with the narration on the nature of payments made. The assessee furnished the details called for. On-going through the same, the Assessing Officer observed that that most of the payments were through cash only though they were within the monetary limits prescribed for the purpose of section 40A(3) of the Act and the payments have been made to various schools. After considering various details and submissions, the Assessing Officer observed that even though there is business exigency involved in incurring these ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able on record and gone through the orders of authorities below including paper book filed by the assessee. The assessee claimed sales promotion expenses. On perusal of the paper book, we find that most of the payments were made in cash even though the payments are within the monetary limits of section 40A(3) of the Act and while the details in respect of some schools were produced, the assessee could not produce official receipts for all the schools. In fact, the genuineness of the claim of the assessee was not disputed by the Revenue, the Assessing Officer allowed 50% of the claim as genuine and the balance expenditure was brought to tax. After considering the written submissions and since the assessee could not produce official receipts ..... X X X X Extracts X X X X X X X X Extracts X X X X
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