{"id":7188,"date":"2019-09-12T14:08:50","date_gmt":"2019-09-12T14:08:50","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-ab-capital201973-itr-23kol-trib-2\/"},"modified":"2019-09-12T14:08:50","modified_gmt":"2019-09-12T14:08:50","slug":"acit-v-ab-capital201973-itr-23kol-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-ab-capital201973-itr-23kol-trib-2\/","title":{"rendered":"ACIT  v. AB Capital(2019)73 ITR 23(Kol.)(Trib.)"},"content":{"rendered":"<p>The AO \u00a0had disallowed 30% of the business promotion expenses as unverifiable. The CIT (Appeals) deleted the addition as the assessee had duly substantiated the reasons for the expenses. The Tribunal held \u00a0that the assessee had submitted all the bills and vouchers pertaining to the expenses in dispute and the AO could not indicate single instance to show unverifiable element. Thus, the Tribunal dismissed the appeal of the Department. <strong>.\u00a0<\/strong>The AO \u00a0had disallowed 8% of the salary and wages as the assessee had not established that the expenses were incurred wholly and exclusively for the purpose of business. The CIT (Appeals) deleted the addition based on the explanation submitted. The Tribunal considering material on record considered that the assessee had established business expediency for the expenses. Thus, the Tribunal dismissed the appeal of the Department.\u00a0\u00a0 (AY. 2012-13 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure \u2013 Ad hoc disallowance- Promotion expenses- Disallowance on Ad hoc basis  is held to be not valid &#8211; . Disallowance of part of Salary  and wages is held to  be not justified .<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7188","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1RW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=7188"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7188\/revisions"}],"predecessor-version":[{"id":7189,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7188\/revisions\/7189"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}