discussion, I am of the view that the assessee
company had wrongly debited the prior period expenses in the P&L Account ... said expense was related to AY 2009-10 and therefore it was wrongly
allowed in AY 2010.11.
Therefore, the order dated 18.03.2013 passed
assessee was wrongly shown by M/s
Ram Swarup Industrial Corporation and there is dispute regarding bills wrongly debited
by M/s Ram Swarup Industrial ... various dates, amounting to Rs.2,88,60,143/- has wrongly debited to the assessee's
accounts.
The crux of the mater under consideration
Allahabad Bank, Kolkata vs Assessee on 1 June, 2016
1
IN THE INCOME TAX APPELLATE
ticket s and/or wro ng cl aim of prizes, based on wrong
reading of prize winning number printed on the tickets. At the time ... Assessee
Firm raised Debit Notes upon the Stockists for the relevant amo unts
attributable to such t ampering / wrong cl aim, as the case
other site had purchased the material
from the above parties. The cash debit vouchers were supported by the proper purchase
8
ITA No.1588 ... proper bills were attached to the
cash debit vouchers. It was submitted that the ld AO had wrongly assumed this person to
be supplier
Revenue:-
"In his P&L A/c. the assessee has debited Rs.83,300/- on
account of rent ... House Property claimed by the
assessee was wrongly allowed by the AO.
(iii) the assessee debited
circumstances of th e case
the Ld. C IT(A) was wholly wrong and unjustified in confirming
the disallowance of sales pro motion expense ... assessment (out of total sum of Rs. 21,80,553/- claimed
and debit ed in P& L a/c ) purely on estimate and merely
wrong figure of Rs 40,00,000/- each as amounts payable in
his books of accounts. He accordingly concluded that the asesssee had wrongly shown ... assessee that the commission was
outstanding as below:-
--------------------------------------------------------------------------------------
A.Y. Commission debited Actually Paid Commission
Outstanding
Appeals) erred in understanding the meaning
of Rs.60,74,934/ - interest debited to P&L account which is in
addition to interest directly ... that the
assessee by debiting excessive interest to Time Tower Project had
declared huge loss thereon. Hence there was nothing wrong
preceding
year and that there was no such profit as wrongly presumed by the AO without any
basis on such sale.
The huge arbitrary addition ... wholly
wrong and unjustified in not allowing the claim of deduction of Expenses of Rs.
6,68,037/- incurred under different heads and debited
