Tax Dispute: Partial Allowance of Expense Claims, Unjustified Disallowance on Depreciation and Late TDS Interest.

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....Assessment u/s 153C - disallowance made u/s 37. Assessing Officer observed no supporting evidence for claimed expenses furnished by assessee and non-cooperation during search and post-search inquiries. Held: Expenses other than accommodation charges under 'Administrative Expenses', 'Business Promotion Expenses' and 'Tour & Travel Expenses' under 'Selling and Distribution Expenses' are routine and acceptable. Salary income received from assessee company offered, disallowance of depreciation and interest on late TDS deposit debited in P&L not justified. Claim of expenses partly acceptable as per CIT(A) decision. No evidence other than ledger accounts for accommodation, promotion, and travel expenses. Reasonable disallowance of Rs. 15 lakhs es.........