2009 (7) TMI 1006

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....nd A.C. Jain, Advocates. Judgment: Notice was issued on condonation of delay. 2. Delay condoned. Heard on the merits. 3. This appeal has been preferred by the Revenue under section 260A of the Income-tax Act, 1961 (in short, "the Act") against the order dated July 6, 2007, passed by the Income-tax Appellate Tribunal, Delhi Bench "B", New in I. T. A. No. 5230/(DEL)/2004 for the assessment year....

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....ng director and executives and expenditure out of staff welfare which was not verifiable and was personal in nature. On appeal, the claim of the assessee was upheld by the Commissioner of Income-tax (Appeals) as well as the Tribunal. 5. The Tribunal followed its earlier order in the case of the assessee. 6.We have heard learned counsel for the parties. 7. Learned counsel for the assessee points....