2021 (1) TMI 212

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....an, AR Respondent by : Shri R. R. Makwana, Sr. DR ORDER PER Ms. MADHUMITA ROY - JM The instant appeal filed by the assessee is directed against the order dated 24.10.2017 passed by the Commissioner of Income Tax (Appeals) -8, Ahmedabad arising out of the order dated 25.1.2016 passed by the DCIT, Circle-4(2)(1), Ahmedabad under Section 143(3) of the Income Tax Act, 1961 (hereinafter ref....

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....on that the assessee's business is of manufacturing of dye intermediate and chemicals. In Dubai they attended the Beauty World expo. In U.S.A. they attended a meeting and discussed business proposal at trade fare. In Thailand they attended meeting of YPO Chapter Retreat. All the relevant documents in support of such tours indicating the business purposes of the assessee company were duly submitted....

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....e assessee for A.Y. 2010-11 as appearing at Page 67 of the Paper Book filed before us. The investment and/or advances of its subsidiary companies had been considered for business purposes; the commercial expediency involved in the said transactions were also observed by the Ld. CIT(A). The Ld. AR drew our attention to the order passed by the Ld. Commissioner Appeal for A.Y. 2012-13 appearing at Pa....