2023 (10) TMI 1037

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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, DCIT, Circle- 22 (2), New Delhi (hereinafte....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 of Rs. 2,00,000/-on account of Diwali Expenses even though same is ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 the details furnished with regard to business promotion expenses, the ld AO observed that du....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 towards Miscellaneous expenses. 7. Accordingly, the ld AO made disallowance of expenses total....