2016 (2) TMI 1113

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.... Shah For the Respondent : Darsi Suman Ratnam ORDER The aforesaid appeals have been filed by the assessee against separate impugned orders of even dated 18.01.2013, passed by CIT(A)-36, Mumbai, for the quantum of assessment passed under section 143(3) r.w.s. 153C for the assessment year 2005-06, 2006-07 and 2007-08. Since issue arising in all the appeals are common arising out of identica....

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....ire expenditure on the ground that, assessee could not produce all the vouchers. Accordingly, he disallowed the entire expenses. The Ld. CIT(A) directed the AO to allow 20% of the above expenses and relief of Rs. 55,672/- was granted and balance expenses were disallowed. 3. The Ld. Counsel before us submitted that, the Tribunal in various cases have held that, if the income has been assessed af....

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....relied upon by the Ld. Counsel. In the case of M/s Mihir Agencies Pvt Ltd., the Tribunal had held the expenses to the extent of 50% should be allowed. This decision again is based on various other decisions. Accordingly, consistent with the same we hold that the disallowance of expenditure should be restricted to 50% and balance 50% of expenditure shall be allowed. Accordingly, we hold that a disa....