2013 (1) TMI 591

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....KUMAR MITTAL, J. 1. 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 13.6.2008 passed by the Income Tax Appellate Tribunal, Delhi Bench "I", Delhi (hereinafter referred to as "the Tribunal") in ITA No. 3977/DEL/2005, for the assessment year 2001-02, claiming the following substantial questions of law:- A....

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....B of the Income Tax Act, 1961 on account of late payment of employee's as well as employer's contribution to PF & ESI without appreciating the fact that payment was not made by the assessee within the prescribed "due date" by which the assessee was required to make payment? 2. Put shortly, the facts necessary for adjudication of the present appeal as narrated therein are that the assessee filed....

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....T(A) before the Tribunal. The Tribunal vide order dated 13.6.2008 partly allowed both the appeals. Hence, the present appeal by the revenue claiming the substantial questions of law as noticed hereinbefore. 4. We have heard learned counsel for the revenue. 5. Question (A) relates to the admissibility of expenses on account of foreign travel incurred by Kamal Khanna and his wife which has ....

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....n of evidence, it was recorded by the CIT(A) and affirmed by the Tribunal that it was 50% which was reasonable and was to be allowed as revenue expenditure. An effort was made by the learned counsel for the revenue to submit that 50% had been allowed without any basis. He, however, could not substantiate the said plea. Accordingly, question (A) is answered against the revenue and in favour of the ....