2025 (7) TMI 1678

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....assessee pertaining to A.Y. 2016-17 is directed against the order dated 10.02.2025 of Addl/JCIT(A)-4 Kolkata passed u/s. 250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') arising out of Assessment Order dated 01.12.2018 passed u/s. 143(3) of the Act. 2. The sole grievance of the assessee is against the disallowance of Rs. 9,79,600/- incurred towards Stamp duty and Registration....

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.... return filed. 5. I have heard the rival contentions and perused the record placed before me. I observe that the assessee is a Partnership firm engaged in the business as Builder. Income of Rs. 24,51,660/- declared in the income tax return for A.Y. 2016-17 furnished on 16.10.2016. After the case been selected for Limited Scrutiny by valid serving of notices u/s. 142(1) and 143(2) of the Act, as....

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....uty and Registration expenses which have been included under the head "Duties and Taxes" and duly reflected in the income tax return. Ld. Assessing officer has observed that the assessee has claimed for the Sales Promotion expenses. This observance of the ld. Assessing Officer is not supported by any specific observations from the Books of Account of the assessee regularly maintained. I have gone ....