2019 (1) TMI 1054

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....eal filed by the assessee is directed against the order dated 19.12.2017 passed by the CIT (A)-VII, New Delhi relating to A. Y. 2014-15. 2. None appeared on behalf of the assessee despite service of notice. Therefore, I proceed to decide the appeal on the basis of material available on record and after hearing the Ld. DR. 3. Facts of the case, in brief, are that the assessee is a company ....

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....that these are paid in cash above Rs. 20,000/- in violation of provisions of section 40A(3) of the IT Act. In view of the above the Assessing Officer disallowed an amount of Rs. 11,82,240/- being 2.5% of the total expenses of Rs. 4.73 crores on estimate basis. 3.1 In appeal the Ld. CIT(A) upheld the action of the Assessing Officer by observing as under :- "3.2 I have carefully consider....

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.... of the company has also increased. The explanation of the appellant was not wholly acceptable. It is seen from the assessment order that some of the expenses incurred on travelling does not bear the date/ signature of the party raising the bill. In some bills (boarding/ lodging) payment in cash above Rs. 20,000/- has been made which is clear violation of Section 40A(3) of the Act. In view of this....

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....ents by the Ld. DR and perused the material available on record. I find that the Assessing Officer made addition of Rs. 11,82,240/- on account of non submission of certain bills, incomplete details in some cases and violation of provision u/s 40A(3) on account of cash payments in excess of Rs. 20,000/-. It is the case of the assessee as per grounds of appeal that all the payments were made through....