2016 (3) TMI 1387

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.... For the Respondent : Shri B.S. Bist ORDER PER D. KARUNAKARA RAO, AM: There are two appeals under consideration and they are cross appeals for the assessment year 2011-2012. Both these appeals are raised against the order of the CIT (A)-4, Mumbai dated 23.6.2014. Since, the issues raised in these appeals are interconnected, therefore, for the sake of convenience, they are clubbed, heard togeth....

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.... the issue of whether the AO is allowed to disallow the expenditure, which is debited to the P & L Account. Further, he fairly mentioned that this issue may be remanded to the file of the AO for considering the ratio laid down in the said assessee's own case (supra) for the AY 2008-2009 and other judgments, if any, on the subject. 3. After hearing both the parties, we find the said para 5 of the ....

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....lowance to Rs. 7,21,927/- by reversing the orders of authorities below and allow the grounds of appeal taken by assessee. Hence, the grounds of appeal taken by assessee are allowed." 4. On perusal of the above decision of the Tribunal, we agree with the Ld Counsel's argument and remand the matter to the file of the AO. We direct the AO to apply the said ratio to the facts of the present case and ....