2009 (10) TMI 427

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....ward with the above appeal raising the following substantial questions of law: "1. Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in upholding the order of the Commissioner of Income-tax (Appeals) restricting the disallowance of rasigar manram expenses to 20 per cent. of the claim even though the expenses had not been established to be gen....

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....ars 2001-02 to 2003-04, the disallowance on the said head was restricted to 20 per cent. allowed the assessee's appeal by restricting the disallowance to 20 per cent. for the assessment year 2004-05. While doing so, the Commissioner of Income-tax (Appeals), apart from taking note of the relief granted in the previous assessment years, also held that rasigar manram expenses are most important expen....