2018 (1) TMI 1380

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....Garodia,   This appeal is filed by the assessee which is directed against the order of CIT (A) - 3 Bangalore dated 31.03.2017 for A. Y. 2012 - 13. 2. The assessee has raised three grounds as per revised grounds of appeal. The nature of expenses are three i.e. Advertisement Expenditure Rs. 15.65 lacs, 2) Legal & Professional fees Rs. 14.80 Lacs and 3) Site Administrative Expenditure Rs. ....

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....heir present location and condition and selling and distribution costs are to be excluded from the cost of inventories. As per the learned AR of the assessee, the amount in dispute of Rs. 15.65 Lacs & Rs. 14.80 lacs are hit by the clause (d) of Para 13 of AS - 2 and the remaining amount of Rs. 11,84,600/- is hit by the clause (c) of Para 13 of AS - 2. These contentions were raised before CIT (A) a....