2020 (7) TMI 95

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.... the year under consideration, the assessee company was engaged in the business of broadcasting, telecasting, relaying transmitting, distributing audio, video and other programmes of software for television, radio and other media. The return of income was filed declaring total income at Rs. 149,643,236/-. Subsequently, after taking the case under scrutiny, the assessment was completed at an income of Rs. 179,037,810/- after making the following additions/disallowances:- 1. Provision for interest payable to Prasar Bharti Rs. 19,53,159/- 2. Claim of software expenses Rs. 1,32,960/- 3. Consumption Debtors Rs. 1,70,86,924/- 4. Leave Encashment Rs. 1,02,21,533/- 2.1 Aggrieved, the assessee approached the Ld....

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....er of the Tribunal as aforesaid. 5.0 At this point, the Bench raised a specific query to both the parties as to whether they were satisfied with the virtual hearing and whether the hearing should be closed. In response to the query, both the parties submitted that they were satisfied with the virtual hearing and that the case may be taken as heard. 6.0 Having heard both the parties and after having gone through the order of the Tribunal in ITA No. 6080/Del/2012 for assessment year 2008-09, we agree with the contention of the Ld. AR that the ITAT has decided both the issues in assessee's favour by dismissing the grounds raised by the department. 6.1 As far as ground No. 1 of the captioned department's appeal is concerned, it is seen....

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....he expenditure in the nature of incentive to the advertiser and the assessee has also shown income against this expenditure. Before the Learned CIT-A the assessee demonstrated by producing the copies of the deals of some of the parties and shown that it is not an asset or liability but actual expenditure. In view of this, he held that assessee is eligible for deduction of the above expenditure. The learned departmental representative could not point out any infirmity in the order of the learned CIT (A). Therefore, we confirm the order of the learned CIT (A) and dismiss ground number-4 of the appeal of the AO." 6.2 Accordingly, in view of the order of the coordinate bench of the Tribunal, as aforesaid, in assessee's own case, we dismiss g....