TaxTMI 
TaxTMI 
2026 (6) TMI 1275
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....sh R Ghale, Standing Counsel for Department ORDER PER PRASHANT MAHARISHI, VICE PRESIDENT 1. ITA No. 1007/Bang/2026 for assessment year 2018-19 is filed by Shri Bhuvaneshwari Enterprises, the assessee-appellant, against the appellate order dated 23 January 2026 passed by the National Faceless Appeal Centre, Delhi. By that order, the appeal filed by the assessee against the assessment order....
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....4,000. The assessee furnished the salary ledger showing salary payments of Rs.13,20,000 to 11 employees, but the bonus expenditure was not reflected in that ledger. A notice was therefore issued asking why the bonus should not be disallowed. Since no reply was filed, the Assessing Officer disallowed the bonus expenditure of Rs.2,64,000 under section 37 of the Act and determined the total income at....
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.... CIT(A) held that the assessee had failed to discharge its onus and that the Assessing Officer's findings were specific and justified. He accordingly dismissed the appeal. Before us, the learned authorised representative, Sri Narendra Sharma, Advocate, supportedthe submissions made before the learned CIT(A) and stated that complete details relating to the bonus payment of Rs.2,64,000 had been furn....
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....ragraph 6 of the appellate order. The learned CIT(A) recorded that the bonus of Rs.2,64,000 was shown in the profit and loss account and audit report, and that the entries were maintained in a separate bonus ledger rather than in the salary ledger. Once the complete details were available, and the bonus payment of Rs.2,64,000 was consistent with the salary payment of Rs.13,20,000 to 11 employees, ....