2017 (12) TMI 1674

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.... Member) The assessee is aggrieved by the impugned order dated 21/01/2016 of the Ld. First Appellate Authority, Mumbai, confirming the disallowance to the tune of Rs. 1,82,609/-, being 5% of vehicle expenses and miscellaneous expenses, on ad-hoc basis. 2. During hearing, Shri Manan Mathuria, ld. counsel for the assessee, advanced arguments, which is identical to the ground raised by submitting t....

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....u/s 139(1) of the Act on 25/09/2012 and the assessment was completed at a loss of Rs. 88,49,390/- after making disallowance of Rs. 5,47,827/-. The assessee, during the year incurred an amount of Rs. 2,58,960/- towards motor car out of which the Ld. Assessing Officer disallowed an amount of Rs. 38,844/-, being 15% of the vehicle expenses. The assessee also incurred an amount of Rs. 33,93,224/- towa....