Appellant, Surender Kumar Jain (hereinafter referred to as 'the assessee') by filing the present appeal sought to set aside the impugned order dated 29.09.2017 passed by the Commissioner of Income-tax (Appeals)-19, New Delhi.
IN THE INCOME TAX APPELLATE TRIBUNAL
(DELHI BENCH ‘G’ : NEW DELHI)
(THROUGH VIDEO CONFERENCE)
BEFORE SHRI O.P.KANT, ACCOUNTANT MEMBER
SHRI KULDIP SINGH, JUDICIAL MEMBER
ASSESSMENT YEAR : 2014-15
Surender Kumar Jain,
M-1/89, Hemkunt Chamber,
ASSESSEE BY : None
REVENUE BY : Shri Prakash Dubey, Sr. DR
Date of Hearing : 08.07.2021
Date of Order : 27.07.2021
O R D E R
Appellant, Surender Kumar Jain (hereinafter referred to as ‘the assessee’) by filing the present appeal sought to set aside the impugned order dated 29.09.2017 passed by the Commissioner of Income-tax.
2. Briefly stated the facts necessary for adjudication of the controversy at hand are : assessee is individual tax payee bein into the business of Import & Trading of Computer Hardware under the name and style of M/s. Bhavya International.
3. Assessee carried the matter before the Ld. CIT(A) by way of filing the appeal who has restricted the disallowance made by the AO to 10% of the expenses claimed by the assessee by partly allowing the appeal. Feeling aggrieved the assessee has come up before the Tribunal by way of filing the present appeal.
4. We have heard the ld. Departmental Representative for the revenue to the appeal, gone through the documents relied upon and orders passed by the revenue authorities below in the light of the facts and circumstances of the case.
5. Consequently, appeal filed by the assessee is partly allowed.
Order pronounced in open court on this 27TH day of July, 2021.
Please find attached the enclosed file for the full judgement