2015 (10) TMI 1439

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... is an appeal filed by the Revenue against the order dt. 28.2.2014 of Ld.CIT(A)-XXIX, New Delhi for the Assessment Year 2007-08, on the following grounds. "1. On the facts and circumstances of case, whether Ld.CIT(A) was correct in deleting the addition of Rs. 1,43,60,817/- and holding that freight expenses were allowable expenditure being revenue in nature in spite of the facts that these were....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stances of the present case, I am of the considered view that no useful purpose would be served to issue notice again and again to the assessee at the address given in records. Therefore, I am deciding the issue in dispute ex parte qua the assessee, after hearing the Ld.Sr.D.R. 4. The Assessing Officer completed the assessment u/s 144C(3) of the Act on 25.2.2010 by making the various additions ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....appellant has submitted that the amount of Rs. 19,90,8201- has been paid to M/s Shyam Enterprises towards their service charges for getting back the refund from Excise Department. The appellant has furnished copy of debit note from M/s Shyam Enterprise in respect of these payments, copy of acknowledgement of Income-tax return of M/s Shyam Enterprises of A.Y. 2007-08, copy of bank account of Ml/ Sh....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ospective of the appellant, the payment represents genuine business expenditure. Accordingly, I hold that no disallowance can be made on this account. The AO is directed to grant the relief accordingly. Ground of appeal is allowed." 5. After going through the finding given by the Ld. First Appellate Authority, I am of the considered view that the assessee has filed all the relevant documentary ....