2021 (9) TMI 1078

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....Addl. CIT ORDER Per G. Manjunatha, AM This appeal filed by the assessee is directed against order of learned Commissioner of Income Tax (Appeals)-11, Chennai, dated 21.08.2018 and pertains to assessment year 2012-13. 2. The assessee has raised the following grounds of appeal:- 1. The order of The Commissioner of Income Tax (Appeals) - 11, Chennai dated 21.08.2018 in I.T.A. No.....

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....he Act, thereby vitiating the related findings in para 6 of the impugned order. 5. The CIT (Appeals) failed to appreciate that the reference to the provisions of section 14A of the Act was wholly unjustified and ought to have appreciated that the provisions of section 14A of the Act had no application to the facts of the case. 6. The CIT (Appeals) failed to appreciate that there ....

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.... expenditure debited into the profit & loss account and business activity of the assessee. The assessee carried the matter in appeal before the first appellate authority and the ld. CIT(A) for the detailed reasons recorded in his appellate order allowed partial relief in respect of loan processing charges, where amount of Rs. 75,327/- held to be pertains to loans/advances of lending activity and t....

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....ious expenses debited into profit & loss account. 5. We have heard both the parties, perused materials available on record and gone through orders of the authorities below. Admittedly, if you go through the nature of expenses like filing fees for ROC, office electricity, postage expenses, printing & stationery and secretarial/other expenses, all expenses are in the nature of routine expenses re....