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Showing contexts for: CASS SELECTION in M/S. Jajoo Surgicals P. Ltd., Indore vs The Acit Cir. 2(1), Indore on 7 May, 2019Matching Fragments
2. Brief facts of the case as culled out from the records are that the assessee is a Private Limited Co. engaged in Manufacturing & Trading of Absorbent Cotton & Gauge and Trading in Medicines. Income of Rs.1698170/- declared in the e-return of income filed on 30.09.2009 for A.Y. 2009-10. Case selected for scrutiny through Computer Assisted Scrutiny Selection (CASS). Notices u/s 143(2) & 142(1) of the Act were duly served upon the assessee. Financial statement and books of accounts were examined. Learned Assessing Officer (in short Ld. AO) called for information relating to claim of expenses including commission expenses of Rs.48,19,026/-. Details were filed by the assessee. Ld. AO completed the assessment after making various additions including disallowance of interest expenses of Rs.74,098/- and disallowance of commission expenses of Rs.36,73,850/- thereby assessing the income at Rs.58,06,003/-.