2017 (12) TMI 1624

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.... : Sh. Arun Kumar Yadav, Sr.DR ORDER PER K.N.CHARY, JM Aggrieved by the order dated 28.07.2016 in Appeal No.139/CIT(A)(C)/GGN/2014-15 passed by the Ld. Commissioner of Income Tax (Appeal) [in short "CIT(A)"]-3, Gurgaon for the AY 2012-13, the assessee filed this appeal on various ground. 2. Briefly stated facts are that for the assessment year 2012-13, the assessee filed their return o....

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.... but a part thereof may be disallowed treating the same as for non-business purposes, whereas Ld CIT(A) also observed that even during the appellate proceedings the assessee has not denied that part of the expenses claimed under the heading business promotion expenses were not wholly and exclusively for business purpose. Ld. AR brought to our notice that, by way of letter dated 26/09/2014 addresse....

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....S No Particulars  Amount 1 Customer Meet expenses/seminar/customer lunch and dinner expenses/others 73,95,685 2 Diwali expenses/occasional monuments and gifts 30,26,829 3 New Year retirees and others 2,480   total 1,04,24,994 4. Basing on this, the Ld. AR submits that there is no truth in the observations of the authorities below that the asse....

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....accounts of the assessee. Books of accounts of the assessee are not rejected. Though, the Ld. AO and for that matter Ld. CIT(A) made the ad hoc disallowance, there does not appear to be any basis for the same. It is not in dispute that vide letter dated 26/09/2014 the assessee has always been maintaining that expenses are purely and comprehensively further business purpose. There is no dispute tha....