2018 (2) TMI 1208

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....s which are directed against the order of Ld. CIT(A) - 6, Kolkata dated 30.12.2014 and the same are being disposed of along with the cross-objection filed by the assessee being C.O. No. 19/Kol/2015. 2. The assessee in the present case is an individual who is engaged in the business of trading in wall colours, distemper etc. The return of income for the year under consideration was originally filed by him in the physical form on 29.09.2010 declaring a total income of Rs. 2,04,475/-.  Thereafter,  the return of income of the assessee  for the year under consideration was again filed electronically on 26.05.2011 declaring   a   total   income   of   Rs.   1,58,475/-.....

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.... 5,53,463 Repair & Maint. 3,568 65,300 Printing & Stati. 5,518 71,258 General Charges 9,537 2,02,158 Donation & Subs. 1,001 26,958 Accounting Charges 2,000 3,10,256 Gift Item 9,575 0 Fuel Charges 9,232 0 Misc. Expenses 4,520 0 Tea & Tiffin 9,272 0 Office Expenses 0 34,125 Rates & Taxes 0 18,652 Puja & Ent. Expenses 0 79,823 Sales Promotion 0 8,49,025 Advertisement 0 18,720 Telephone Charges 0 82,364 Staff Welfare 0 60,254 Carriage Outward 0 12,54,827 Postage & Stamps 0 21,52....

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....erefore, treated the subsequent return filed by the assessee electronically on 26.05.2011 and selected for scrutiny as the revised return of the assessee and proceeded to complete the assessment with reference to the said return. In the assessment so completed under section 143(3) vide an order dated 18.03.2013, he made the following additions to the total income of the assessee: 1. Disallowance of deduction under Chapter VIA Rs. 7,57,000/- 2. Disallowance of commission Rs. 21,86,432/- 3. Disallowance of Puja Exp. and donation Rs. 1,06,781/- 4. Disallowance of labour charges, manufacturing expenses depreciation and bank charges Rs. 50,16,053/- 5. Disallowance of bogus expenses (on estimated basis....

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....y allowed by the Ld. CIT(A) vide his order dated 30.12.2014 and aggrieved by the same, the assessee and revenue both have preferred their appeals before the Tribunal and the assessee has also filed a cross-objection. 5. We have heard the arguments of both the sides and also perused the relevant material available on record. In the revised grounds filed in his appeal, the assessee has raised a preliminary issue challenging the assessment made by the A.O. under section 143(3) on the basis of return of income subsequently filed on 26.05.2011 in electronic form by treating the same as the revised return. In this regard, the learned counsel for the assessee has contended that the original return of income filed by the assessee on 29.09.2010 a....