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Ground of Appeal No.2 {page 30 of CIT (A)'s Order} Recovery of Guest House Expenses considered under Rule 6D - Rs.10,35,637 The learned CIT (A) erred in rejecting appellant's claim that recoveries made in respect of Guest House expenses should be treated as travelling expenses, on which Rule 6D should apply and expenses proportionately disallowed and not the entire disallowance of recoveries as 'Guest House Expenses.' Ground of Appeal No.3 {Page 31 of CIT (A)s Order} Disallowance under Rule 6B with respect to Calendars and Diaries- Rs.3,51,374 The learned CIT (A) erred in disallowing expenditure on Diaries and Calendars on the ground that the same has Company's logo fixed on it, hence has advertisement value. Ground of Appeal No.4 {Page 32 of CIT (A)s Order} Tea and Coffee served to Shareholders at Annual General Meeting- Rs. 32,571 The learned CIT(A) erred in disallowing such expenses on the ground that they are entertainment expenditure.

Ground of Appeal No.5 {Page 34 of CIT (A)s Order} Disallowance of Annual General Meeting Expenses- Rs. 79,247 The learned CIT(A) erred in treating expenditure at Annual General Meeting in the nature of entertainment expenditure, hence disallowing the same.

Ground of Appeal No.6 {Page 36 of CIT (A)s Order} Disallowance of expenditure on Tea and Coffee served to visitors u/s. 37(2A) - Rs. 2,25,000 The learned CIT(A) erred in disallowing the expenditure on beverages served to visitors on the ground that the same constitutes to entertainment expenditure.

Ground of Appeal No.9 {Page 45 of CIT (A)s Order} Expenditure on Food at Employees' Get-together- Rs. 23,34,755 The learned CIT(A) erred in confirming disallowance of estimated expenditure of Rs. 2,50,000 on food at employees' get-together as entertainment expenditure.

Ground of Appeal No.10 {Page 53 of CIT (A)'s Order} Expenditure on Partly Convertible Debenture Issue- Rs.26,55,192 The learned CIT (A) erred in disallowing the expenditure on partly Convertible Debentures (attributable to convertible portion) on the ground that the same is capital expenditure and referring back to the Assessing Officer for verification of claim made by the appellant u/s.35D. Ground of Appeal No.11 {Page 78 of CIT (A)'s Order} Disallowance of Tata Steel Rural Development Society Expenditure- Rs.1,81,00,762 The learned CIT (A) failed to appreciate the circumstances in which expenditure through the medium of TSRDS was incurred and erred a treating the same as non-business expenditure. Ground of Appeal No.12 {Page 90 of CIT (A)'s Order} Contributions to various Institutions in Jamshedpur- Rs. 49,96,503 The learned CIT (A) erred in disallowing contributions to institutions on the ground that such expenditure was not incurred for the purposes of the business, having failed to understand the scenario that establishes nexus between the contributions made and the business of the appellant.

Ground of Appeal No.5 {Page 34 of CIT (A)s Order} Disallowance of Annual General Meeting Expenses- Rs. 65,944 The learned CIT(A) erred in treating expenditure at Annual General Meeting in the nature of entertainment expenditure, hence disallowing the same.

Ground of Appeal No.6 {Page 36 of CIT (A)s Order} Disallowance of expenditure on Tea and Coffee served to visitors u/s. 37(2A) - Rs. 35,395 The learned CIT(A) erred in disallowing the expenditure on beverages served to visitors on the ground that the same constitutes to entertainment expenditure.