2018 (12) TMI 625

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....see : Shri K. Balasubramanian, Advocate For the Revenue : Shri Clement Ramesh Kumar.R, CIT ORDER PER A. MOHAN ALANKAMONY, AM:- The appeal by the Revenue and the assessee are directed against the order passed by the learned Commissioner of Income Tax (Appeals)-15, Chennai dated 27.06.2017 in ITA No.061/2015- 16/A.Y.2012-13/CIT(A)-15 for the assessment year 2012-13 passed U/s.250(6) r.w.s. 143(3....

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....nitially the return was processed U/s.143(1) of the Act and subsequently the case was selected for scrutiny under and notice U/s.143(2) of the Act was issued on 06.08.2013. Finally assessment order was passed U/s.143(3) of the Act on 30.03.2015 wherein the Ld.AO made several additions. 5. Revenue's Appeal: At the outset, the Ld.AR submitted before us that the above mentioned appeal is not mainta....

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....- as revenue expenditure, however on verification it was found that the expenditure pertains to preliminary and preoperative expenses. Therefore the Ld.AO disallowed the same as allowable expenditure and added back to the income of the assessee. On appeal the Ld.CIT(A) confirmed the order of Ld.AO because the assessee had not furnished the complete break-up of the expenditure with supporting docum....