2011 (7) TMI 1210

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....tions of law are raised by the Revenue in this appeal, which read thus: "(i). Whether on the facts and in the circumstances of the case in law that ITAT was justified in deleting the disallowance of ₹ 7,40,078/- out of various expenses when the same were held to be not incurred wholly and exclusively for business purposes by the AO as well as by the CIT(A)?. (ii) Whether on the fact....

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....ssing Officer and confirmed by CIT(A) on adhoc basis in respect of vehicle expenses, telephone expenses, gift expenses and staff welfare and canteen expenses have been deleted by ITAT by following its decision in the case of Kirloskar Engines Ltd. in ITA No. 1039 and 1040/PN/2000 for A.Y. 1995-96 and 1996-97, wherein it was held that in case of a limited company expenditure incurred on telephone, ....