2023 (10) TMI 1037

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.... M. BALAGANESH, A. M.: 1. The appeal in ITA No.5959/Del/2019, arises out of the order of the Commissioner of Income Tax (Appeals)-8, New Delhi [hereinafter referred to as 'ld. CIT(A)', in short] in Appeal No.10218/18-19 dated 20.05.2019 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') dated 19.12.2018 by the Assessing Officer, ....

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....s even though same is duly supported from vouchers and incurred in the course of business of the appellant. (ii) That the appellant is a private limited company and the expenses being incurred for the purpose of business, the allegation of personal use is not relevant. 2(i) That in facts and circumstances of the case, the Ld. CIT(A) was not justified in making ad-hoc disallowance....

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....he rival submissions and perused the materials available on record. The return for AY 2016-17 was filed by the assessee company electronically on 15.10.2016 declaring total income of Rs. 6,15,57,770/-. The ld AO sought for details of various expenditures debited in the profit and loss account during the course of scrutiny proceedings, which was duly furnished by the assessee. From the perusal of t....

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....Diwali expenses. 6. The ld AO observed that the assessee had debited a sum of Rs. 6,54,981/- under the head miscellaneous expenses during the year as against Rs. 4,05,467/- in immediately preceding year. The ld AO observed that these expenses are not fully vouched and contained personal element thereon. Accordingly, the ld AO made a disallowance of Rs. 2 lacs on account of unverifiable expenses....