2017 (9) TMI 1920

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.... R. Ramakrishnan, CA. For the Revenue : Shri B.R. Ramesh, JCIT (DR). ORDER Per Shri A.K. Garodia, Accountant Member This is a revenue's appeal directed against the order of ld. CIT(A)-IV, Bangalore dated 04.03.2015 for Assessment Year 2010-11. 2. The grounds raised by the revenue are as under. "1. The Order of the Ld.CIT (A) is opposed to the law and facts of the case. 2. The ....

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....so far as it is relates to the above grounds may be reversed and that of the Assessing Officer may be restored. 5. The appellant craves leave to add, alter, amend and/or delete any of the grounds that may be urged." 3. The ld. DR of revenue supported the assessment order. He also submitted that as per the JDA copy submitted by him, in Para no. 33 and 34, it is clearly specified that all the ....

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....nses on account of business exigency and expediency, deduction is allowable u/s. 37 of IT Act. He submitted that these written submissions should be considered to decide this issue. The judgments cited are as under. 1. CIT Vs. Deluxe Film Distributors Ltd. (114 ITR 434) (Cal) 2. Dalmia Jain and Co. Ltd. Vs. CIT (81 ITR 754) (SC) 3. CIT Vs. Bhowrisankara Steam Ferry Co. (87 ITR 650) (AP) ....

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....usiness exigency because whatever may be the dispute betweenShri Ramesh and his sister, it was to be settled by Shri Ramesh at his own cost and such expenses is not required to be borne by the assessee company. 6. In this view of the matter, we are of the considered opinion that the order of CIT(A) is not sustainable because these paras of JDA were not considered by CIT(A) at all. Regarding var....