2011 (11) TMI 732

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ER Per SUSHMA CHOWLA, J.M. : The appeal by the assessee is against the order of the Commissioner of Income Tax (Appeals), Karnal dated 18.03.2011 relating to assessment year 2007-08 against the order passed u/s 143(3) of Income Tax Act, 1961. 2. The first issue raised by the assessee is against the addition of Rs. 2 lacs out of commission. The grievance of the assessee is that the said ad....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ucing the value of the products. Reference was made to the reply filed during the assessment proceedings dated 13.5.2009. The Assessing Officer in the remand report pointed out that from the perusal of the two bills filed by the assessee, it is apparent that the sale has been made in cash and the addresses on the said cash bills were not complete and hence the disallowance of Rs. 2 lacs was warran....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....purchase vouchers. The books of account maintained by the assessee in the normal course of carrying on the business records the above transactions of both the receipt of commission and payment of the commission to the retailers/frenchises. 6. From the perusal of the evidence placed by the assessee in the Paper Book filed, we find that the assessee had purchased sim cards/recharge coupon from th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 8. The issue in ground No.2 is against the partial disallowance of expenditure under various heads on account of personal use. The Assessing Officer while completing the assessment had disallowed 1/5th of the expenses under the following heads : Nature of Expenditure Total Expenditure Amount Disallowed Car running, insurance and depreciation  Rs.2,59,221/-  Rs.51,844/....