TaxTMI 
TaxTMI 
2024 (1) TMI 748
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....ORDER PER M. BALAGANESH AM: Both the appeals filed by Assessee arises out of the separate orders of the Learned Commissioner of Income Tax (Appeals)-23, New Delhi, [hereinafter referred to as 'Ld. CIT(A)'] in Appeal Nos.23/10281/2019-20 & 23/10282/2019-20 dated 28/10/2022 & 17/11/2022 against the assessment order passed by Assistant Commissioner of Income Tax, Central Circle-4, Delhi (hereinafte....
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....issued to the assessee on 09/05/2019. In response to the said notice, the assessee filed his return of income on 04/12/2019 declaring total income of Rs. 20,69,420/-. During the year under consideration, the assessee has shown salary of Rs. 17,90,400/- received from Spring Travels Pvt. Ltd. and has also shown income from house property and income from other sources. During the search, documents vi....
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....was paid to HDFC by M/s Spring Travels Pvt. Ltd. and the said expenditure was also claimed as business promotion expenses by M/s Spring Travels Pvt. Ltd. It was also submitted that M/s Spring Travels Pvt. Ltd. had paid this expenditure of Rs. 30.753/- by cheque. In support of this, the assessee submitted the copy of bank statement of M/s Spring Travels Pvt. Ltd. This was filed as an additional evi....
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....t. 6. From the above narration of facts which are undisputed, it could be seen that the lower authorities had categorically agreed that a sum of Rs. 30,753/- paid to HDFC by M/s Spring Travels Pvt. Ltd. by regular banking channels and the same was claimed as business promotion expenses by M/s Spring Travels Pvt Ltd. The same was treated as an unexplained expenditure in the hands of the assessee b....