9911796707
TMI Blog2023 (7) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... al of the same, we noticed that a sum has been incurred towards salary and bonus. The remaining expenses claimed by the assessee which consisted of various administrative expenses like advertisement, car expenses, depreciation, rent, telephone, travelling etc., which are normally incurred by a business concern. Accordingly, we are of the view that disallowance of 50% confirmed by the learned CI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11. This appeal was disposed off by the Tribunal vide its order dated 31.10.2022. Since the Tribunal did not adjudicate Ground no.7 urged by the assessee, he filed a Miscellaneous Application. Accordingly, the above said order was re-called by the Tribunal vide its order dated 28.04.2023 passed in MA No.436/Mum/2022, in order to adjudicate Ground no.7 relating to disallowance of expenses. 2. We ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting the books of account is not acceptable. With regard to the expenses disallowed by the Assessing Officer, the learned CITA) restricted the disallowance to 50% of the expenses. Still aggrieved, the assessee has contested the decision of the learned CIT(A) on this issue before the Tribunal. 4. We heard the parties and perused the record. The detail of expenses claimed by the assessee aggregat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... restricted to 5% of the aggregate amount of expenses, which works out to ₹1,48,330/-. Accordingly, we set aside the order passed by the learned CIT(A) on this issue and direct the Assessing Officer to restrict the disallowance to the above said amount. 5. In the result, Ground no.7 urged by the assessee is partly allowed. Order pronounced in the open court on this day of 27th June, 202 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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