2018 (1) TMI 1380

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....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. 11,84,600/- but the finding of the learned....

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....g 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) also and were noted by CIT (A) on page 5 of his....