Tribunal held that the assessee has filed all relevant details, addresses of all parties were available in relevant bills filed by the assessee. As the AO failed to verify the genuineness of expenses by calling information u/s. 133(6) and 131 od the Act, deletion of addition by CIT(A) is held to be justified. (AY. 2003 -04)
ACIT v. Overseas Trading and Shipping Co. (P.) Ltd. (2018) 173 ITD 446 (Rajkot)(Trib.)
S. 37(1) : Business expenditure-Sales promotion expenses-When all relevant details for sales promotion expenses was filed, without verifying veracity of said expenses under S 133(6) and 131 , disallowance cannot be made. [S. 131, 133(6)]