2015 (10) TMI 2512

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....umbai dated 1.10.2012 pertaining to Assessment year 2008-09. 2. The sole grievance of the assessee relates to the disallowance of claim for deduction u/s. 37(1) in respect of revenue expenditure incurred during the year amounting to Rs. 4,08,41,533/-. 3. At the very outset, the Ld. Counsel for the assessee drew our attention to the decision of the Tribunal in the case of M/s. Reliance Footprint ....

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.... the Tribunal has given the reasoning of the AO for making the impugned disallowance. We find that verbatim reasoning have been given by the AO while making the disallowance in the case under consideration. Not only this, the reasoning given by the First Appellate Authority in the case of M/s. Reliance Footprint Ltd (supra) are verbatim the reasoning given by the First Appellate Authority in the p....