2015 (4) TMI 467

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.... The Revenue has filed the present appeal against the impugned order dated 16/7/2012 passed by the Ld. Commissioner of Income Tax (Appeals)-XI, New Delhi on the following grounds:- "1. The Ld. CIT(A) erred on facts and in law in deleting the addition of Rs. 9,55,587/- made by the AO on account of subscription charges. 2. The Ld. CIT(A) erred on facts and in law in deleting the addition of Rs....

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.... income. The submission of the assessee was considered by the AO. The AO stated that "it is felt that the assessee could have gone for rectification u/s. 154 of the I.T. Act, 1961 and accordingly" the same is not being entertained in the present scrutiny assessment proceeding. AO passed the assessment order u/s. 143(3) of the I.T. Act on 20.12.2010 and made various additions. 3. Being aggrieved....

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....ds of Appeal as under:- GROUND NO. (1) regarding addition of Rs. 955587/- on account of subscription charges "I have perused all the details filed by the appellant alongwith the necessary evidence. The breakup of the expenses are as below:- Details of Club Membership Fees paid from 1.4.2007 to 31.3.2008 Party Amount Army Polo Club 23226 Deli Gymkhana Club Ltd. 4953 Th....

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....partly in favor of the appellant." GROUND NO. (2) regarding addition of Rs. 11,23,923/- on account of repair and maintenance of flats. "I have perused the details provided by the appellant. The expenditure has been incurred on residential flats owned by the appellant and provided to the employees. The expenditure is clearly a business expenditure and allowable u/s. 37. The addition on this a....