2017 (6) TMI 1309

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd Shri Ashish Goel, C. A.; Department by: Shri Anil Kumar Sharma, Sr. D. R.; ORDER I. C. Sudhir, This is an appeal filed by the assessee against the order dated 29.01.2014 passed by the learned CIT (Appeals). The assessee is a Law Firm (Advocates & Solicitors). It has filed its return of income declaring total income of Rs. 4,86,96,900/-. The assessment was computed by the Assessing O....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....llowances. All these expenses have been incurred wholly and exclusively for the purposes of the business. The assessee is maintaining regular books of accounts. These books of account have been audited and tax audit report has also been filed. The auditor has also certified that there is no personal element in any of the expenditure recorded in the books of account. 3.1 It was further contented....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... In reply, the learned Sr. DR relied upon the orders passed by the lower authorities. 3.3 We have considered the rival submissions and perused the record. On going through the same we note that the disallowance has been made by the Assessing Officer merely on estimate basis. The learned CIT (Appeals) has also confirmed the same holding that the entire expenses are not admissible as per the prov....