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2018 (9) TMI 536
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.... AMARJIT SINGH, JM: The present appeal has been filed by the revenue against the order dated 22. 11. 2016 passed by the Commissioner of Income Tax (Appeals)-1, Mumbai [hereinafter referred to as the "CIT(A)"] relevant to the assessment year 2011-12. 2. The revenue has raised the following grounds: - 1. On the facts and circumstances of the case, the Ld. CIT(A) has erred in deleting ....
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.... its return of income on 30. 09. 2011 declaring total loss to the tune of Rs. 2,05,36,972/- for the A. Y. 2011-12. The return was accepted u/s 143(1) of the I. T. Act, 1961. Thereafter, the assessee revised the return of income on 30. 03. 2013 wherein loss of Rs. 2,05,36,972/- was claimed. The said return was also accepted u/s 143(1) of the Act, 1961. Thereafter, the case was selected for scrutiny....
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.... issues, the revenue has challenged the allowance of the claim of the assessee by the CIT(A) in sum of Rs. 1,07,60,179/- on account of advertisement expenses. Before going further, we deemed it necessary to advert the finding of the CIT(A) on record. : - "22. I have carefully considered the appellant's submissions, observations of the AO in the assessment order and the facts of the ca....
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....rom the details of these expenses it is seen that these expenses have been incurred on tickets / stay of various prospective customers and agents of the appellant and were revenue expenses in nature and these expenses have been recovered from the appellant in terms of the business transfer agreement. The same were mentioned in the schedule of Assets and Liabilities to be transferred to the appella....