2019 (11) TMI 1301

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..... y calculation, as the assessee has failed to substantiate its expense and there is absence of evidence of services being rendered, generation of bogus bills etc . - HELD THAT:- Inspection and survey charges claimed by the Assessee which is an insurance company. AO, on the basis of statement of the Surveyor recorded by him, came to the conclusion that some of the persons had not actually discharged .....

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..... uestions of law. (a) Whether on the facts and in the circumstances of the case and in law, the ITAT was correct in upholding the decision of the CIT (A) in deleting the addition on account of disallowance of the assessee s claim of exemption in respect of profit on sale / redemption of investments? (b) Whether on the facts and in the circumstances of the case and .....

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..... rendered, generation of bogus bills etc. 5. The issue pertains to the inspection and survey charges claimed by the Assessee which is an insurance company. The Assessing Officer, on the basis of statement of the Surveyor recorded by him, came to the conclusion that some of the persons had not actually discharged any duty for the Assessee Company but had merely provided accommoda .....

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