2022 (2) TMI 331

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....ountant Member The present appeals have been filed by the assessee against the orders of ld. CIT(A)-29, New Delhi dated 12.02.2016. 2. Since, the issues involved in both the appeals are identical, they were heard together and being adjudicated by a common order. 3. In ITA No. 2137/Del/2016, following grounds have been raised by the assessee: "1. That the ld. CIT(A) has erred both in law and o....

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....1. Therefore ld. CIT(A) has erred in sustaining the disallowance of Rs. 13,23,600/- incurred on account of Advertisement and business Promotion expenses. 2. That the ld. CIT(A) has erred in both in law and on facts of the case in sustaining the addition of Rs. 52,516/- u/s. 14A read with Rule 8D of the Income Tax Rules, 1962 as no expenditure was incurred for earning the exempted income. This ad....

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....ord. The Assessing Officer, on going through the details of the expenditure claimed for the purpose of publicity, advertisement and sales promotion amounting to Rs. 3,57,78,862/- has disallowed an amount of Rs. 13,23,600/- which has been incurred on 02.03.2010 on account of bill of Result Services Pvt. Ltd. towards advance payable for Waterfront launch. The AO held that since this is an advance pa....

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.... ITA No. 2138/Del/2016 Disallowance ABP expenses: 7. During the year, the assessee incurred an amount of Rs. 4.72 crores on account of advertisement and business promotion. Out of which the AO disallowed an amount of Rs. 3.98 crores on the grounds that the assessee company has not shown any income from the projects undertaken during the year under consideration. 8. The ld. CIT(A) allowed an a....