S.14A Addition in Excess of Expenses debited to P/L a/c not permissible

Regarding ground No.2 also, the learned DR supported the assessment order whereas the learned AR supported the order of the learned CIT(A). He also submitted a copy of the profit & loss account of the assessee for the present year and pointed out that apart from purchase of Rs.65,79,796/-, only four amounts are debited to the profit & loss account i.e. Rs.30,153/- being administrative expense, Rs. 25,070/- being interest expenses, Rs.5,694/- being other expenses and Rs.9,196/- being depreciation. He drawn our attention to the order of the learned CIT(A) that the learned CIT(A) has alre...