9911796707
TMI Blog2021 (7) TMI 436X X X X Extracts X X X X X X X X Extracts X X X X ..... R S. RIFAUR RAHMAN, A.M. This is an appeal filed by the assessee. The relevant assessment year is 2014-15. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-4, Mumbai [in short 'CIT(A)'] and arises out of the assessment completed u/s 143(3) of the Income Tax Act 1961, (the 'Act'). The appeal was filed by the assessee with a delay of 78 days. At the time of hear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Assessing Officer observed from the previous assessment order and profit and loss account that the assessee has debited staff welfare expenses to the extent of Rs. 32,90,908/- conveyance expenses at Rs. 40,58,630/-, general expenses at Rs. 11,25,644/- and office maintenance expenses at Rs. 24,86,099/-. The total of the above expenditures works out to Rs. 1,09,61,281/-. When the assessee was ask ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me of appellate proceedings, the assessee was asked to produce all bills and vouchers for verification. However, the assessee could not submit the same before first appellate authority even though several opportunities were given to assessee. Since no detail were submitted in appellate proceedings, Ld. CIT(A) sustained the addition made by the AO. Aggrieved with the above order, the assessee is i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly reasons attributed by the authorities are that these expenses were incurred in cash and booked on the basis of self-made vouchers. In our opinion, the disallowance was purely made on the basis of presumptions and surmises and ad-hoc in nature without pinpointing any specific defects or deficiencies. Therefore, we deem it fit to restrict disallowance to 5%. The AO is directed accordingly." He ..... X X X X Extracts X X X X X X X X Extracts X X X X
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