2025 (2) TMI 1349

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....assessee is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 04.06.2024 for Assessment Year (AY) 2014-15. 2. The appellant is a partnership firm engaged in the business of dealing the petroleum products of Indian Oil Corporation Ltd. The return of income for AY 2014-15 was filed on 29.09.2014 declaring income of Rs. 4,84,490/-. Against the said retu....

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.... Being aggrieved, the appellant is in appeal before us in the present appeal. 5. The learned A.R. submitted before me that having regard to the nature of expenditure no adhoc disallowance of the expenditure can be made. Further, as regard to the disallowance of sales promotion expenditure, it is submitted that this commission was paid to the employees which partake the character of salary incom....