2017 (5) TMI 790

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....he findings of the Assessing Officer and the Commissioner of Income Tax (Appeals), Gwalior in the matter of addition of Rs. 80, 70, 861/- qua Assessment Year 2010-11. 3. The assessee is engaged in the business of material transportation services on the basis of sub-contract with M/s. O & M Rosa Power Supply Company Limited for the purpose of transportation of material from one destination to another. 4. The assessee has filed income tax return for the assessment year 2011-12 and declared total income as Rs. 21,81,760/-. During assessment, the Assessing Officer made assessment of an amount of Rs. 80,70,861/- on various heads and assessed the total income of assessee at Rs. 1,02,52,620/-. 5. The Assessing officer made the aforesaid a....

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....ssee i.e. issue with regard to demurrage and warfage, ITAT deleted the addition made by Assessing Officer holding that same was incurred by the assessee wholly or exclusively for the purpose of business. With regard to second issue i.e. shortage deduction, ITAT has deleted the addition holding that deduction is not covered under the penalty, but the expenses has been occurred during ordinary course of business. With regard to third issue i.e. addition of unloading charges, ITAT has deleted the addition stating that vouchers are self-contained, whereby, the vehicle trips have been entered and no further discrepancy has been pointed out by the Assessing Officer. With regard to addition on account of vehicle maintenance expenses, ITAT has dele....