This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Imposition of penalty on basis of findings given in assessment proceedings
Case Law Details
- Case Name
- Ashok Grih Udyog Kendra (P.) Ltd. Vs ACIT (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Lucknow
Advertisement
RELEVANT PARAGRAPHS:
7. We have carefully considered the rival submissions and have also perused the materials available on record. The decisions cited at the time of hearing of appeal were duly considered. It is apparent from the record that the assessee company had debited a sum of Rs. 2,37,370/ – under the head `travelling expenses’ and claimed the above expenditure as a business expenditure. Shri Rakesh Garg, Advocate, learned counsel for the assessee submitted that Arun Kumar Gupta, employee of the company, had traveled abroad along with his family members and...
