2023 (5) TMI 574

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....CIT, appeared on behalf of the Revenue ORDER Per Dr. Manish Borad, Accountant Member:- This appeal at the instance of assessee for assessment year 2018-19 is directed against the order of ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 08.02.2023, which is arising out of the order unde r section 143(1)of the Act on 22.10.2019 framed by ld. ACIT/D....

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....placed before us. We notice that the assessee incurred subscription expenses of Rs.92,949/- and club services expenses of Rs.3,55,041/-. In the tax audit report in Point No.21(a), such expenses have been mentioned. The Centralized Processing Centre (CPC) has treated that the alleged expenses are personal in nature as the auditor has indicated for the disallowance of such expenditure. Further, ld. ....

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....ct provides for the disallowance of expenditure indicated in the audit report but not taken into account in computing the total income of the income-tax return. In our considered view, the details furnished by the auditor in the 3CD report about subscription and club services is a mere information and such type of expenditure may have some personal element but whether expenditure of any personal n....