2022 (9) TMI 698

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....ndal , Addl. CIT ORDER Per Shri Rajesh Kumar , AM : This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre- NFAC-Delhi (hereinafter referred to as the Ld. CIT(A)"] dated 08.04.2022 for the AY 2017-18. 2. The only effective issue raised in various grounds of appeal is against the confirmation of addition of Rs. 9,34,822/- by Ld. CIT(A) as ma....

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....09/-and claimed under the head other expenses, the AO noted that very small amounts of discountswere allowed account which could not be properly verified and vouched except notings on the vouchers and no such expenditure was incurred in the earlier year and thus disallowed 40% of the said expenditure thereby disallowing and adding Rs. 5,75,964/- to the income of the assesse. 4. In the appellate....

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....hearing the rival parties and perusing the material on record, we note that the assessee is engaged in the business of digital marketing and sale of mobile recharge etc. We note from the facts on records before us that the assessee has incurred Rs. 3,58,858/- during the year under the head entertainment expenses. We have also verified these expenses with bills and vouchers which are very small amo....

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....s personal expenditure. Consequently we modify the order of Ld. CIT(A) and direct the AO to delete the addition to the extent of Rs. 3,40,914/- and thus addition to the tune of Rs. 17,943/- is sustained. Further in respect of discount, we note that the assessee is in the business of selling mobile recharge in which the discounts are allowed to the customer in the ordinary course of business which ....