2010 (4) TMI 821

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....ed the captioned appeal against the order of the Commissioner of Income-tax (Appeals)-XIII, New Delhi, dated October 20, 2009 for the assessment year 2003-04. 2. As many as four grounds have been raised but the only effective ground reads as under : "On the facts and in the circumstances of the case and in law, the learned Commissioner of Income-tax (Appeals) has erred in deleting the additi....

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.... the order passed by the Assessing Officer. She further stated that the assessee-company had neither carried out any manufacturing activities nor made any sales but claimed the expenses to the tune of Rs. 13,41,135 on account of salary, depreciation, etc. She further stated that the assessee had not produced any evidence before the Assessing Officer for substantiating its claim. Therefore, the Ass....

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....ough these judgments and are of the view that when the assessee-company was neither dissolved nor was its business closed, the Revenue authorities were unjustified to disallow the expenses claimed by the assessee. The facts of the case on hand are totally identical to the facts of the case decided by the hon'ble Supreme Court in the case of Sassoon J. David & Co. (P.) Ltd. (supra). We find that th....