2022 (2) TMI 331

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....-DR ORDER Per Dr. B.R.R. Kumar, Accountant 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: ....

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....e as expenditure u/s. 37(1) of the Income Tax Act, 1961. 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 expe....

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....see company through speed post, receipt of which is placed on record. 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 fo....

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.... this ground is allowed. Disallowance u/s. 14A: 6. Not pressed. 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 under....