2025 (8) TMI 830

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....,675/- made by the AO on account of bogus sales without appreciation the facts brought by the AO on records that the sales were made to a bogus, non- existent party. 2. The Ld. CIT(A) has erred in law and on facts in restricting the addition to Rs. 7155/- as against of Rs. 1,37,500/- made by the AO on account of cash receipts received by the assessee. 3. The CIT(A) has erred in law and on facts in allowing the depreciation on plant and machinery of Rs. 2,99,662/- to the assessee. 4. The Ld. CIT(A) has erred in law and on facts in deleting the addition of Rs. 3,70,540/- made by the AO on account of unexplained subscription of share capital. 5. The Ld. CIT(A) has erred in law and on facts in restricting the....

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....hat these grounds are not arising from the present assessment order, hence, the same are dismissed being infructuous. 4. As regards, Ground no. 4 is concerned, the AO made the addition of Rs. 3,70,540/- on account of subscription to share capital by treating the same as unexplained, due to the fact that assessee has not submitted any evidence for verification of the genuineness of transaction. In appeal, assessee had filed a paper book wherein, submission filed before the AO was enclosed alogn with the assessment/ appellate orders of the subscribers to the share capital to substantiate its claim that necessary information and evidences were duly placed before the AO. After considering the aforesaid evidences, Ld. CIT(A) observed that ass....

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....opies of the bills related to consumables, but considering the finding of the CIT(A)-XIX, New Delhi before whom such bills were produced and which were vouched by him to be of below Rs. 10,000/-. The assessee failed to produce any explanation and evidence to substantiate that staff welfare expenditure of Rs. 10,000/- is not hit by the mischief of section 40A(3) of the Act, hence, such disallowance of Rs. 10,000/- towards staff welfare expenses u/s. 40A(3) of the Act was rightly confirmed, as a result, the assessee got the relief of Rs. 5,49,318/- in this respect. In view of the aforesaid factual matrix, we do not find any infirmity in the order of the ld. CIT(A), hence, we uphold the same and reject the issue in dispute raised by the Revenu....