2017 (1) TMI 879

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....d Mr. Menino Pereira, learned Counsel appearing for the appellant and Ms. Asha Desai, learned Counsel appearing for the respondent. 2. This appeal filed by the appellant-Assessee challenges the order dated 12th August, 2015 passed by the Income Tax Appellate Tribunal (ITAT), Panaji, Goa in ITA No. 200/PNJ/2015, disallowing expenditure of 77,97,620/-, allegedly incurred by the Assessee during th....

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....ame date, in ITA No. 04/MRG/13-14 allowed the expenditure of77,97,820/- incurred by the Assessee during the Assessment Year 2011-12 as business expenditure. The matter carried to ITAT by the Department. The ITAT, by the impugned Order, confirmed the nature of the payment as legal, but disallowed the deduction on the ground that the Assessee had not been able to prove that the payments made were in....

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....-. Being aggrieved, the Assessee has filed the present appeal. 4. Mr. Menino Pereira for the Assessee states that the Assessee is in possession of a number of vouchers and is in a position to establish that such expenditure was, in fact, incurred by the Assessee for the purpose of its business and requests for an opportunity to the Assessee to produce the vouchers. According to him, the voucher....