KAMLA DEVI JAYDAYAL JAIN PRIVATE LIMITED,MUZAFFARPUR vs. ASSISTANT COMMISIONER OF INCOME TAX, MUZAFFARPUR

This appeal filed by the Assessee is against the order of the Commissioner of Income Tax (Appeals)- 3, Patna [hereinafter referred to as Ld. 'CIT(A)'] passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) for AY 2016-17 dated 28.10.2024. 1.1 The Registry has informed that the appeal is barred by limitation by 15 days. The assessee has filed a petition for condonation of delay explaining the reasons that assessee is of old age and was not well during the relevant period and due to medical treatment and health issues, the appellate order and its consequences were inadvertently overlooked by the assessee. The assessee requested the Bench to condone the delay. After perusing the same, we are satisfied that the assessee had a reasonable and sufficient cause and was prevented from EMPLOYEES BENEFIT EXPENSES 2013-14 6,714,042.00 3,166,970.00 Accepted u/s 153 A 2014-15 7,219,261.00 3,698,466.00 Accepted u/s 153A Estimated disallowance @50% by A.O. deleted by 2015-16 7,380,127.00 3,265,761.00 CIT (A) Estimated disallowance @50% by A.O. restricted 2016-17 72,44,610.00 32,88,000.00 by CIT(A)@10% OTHER EXPENSES 2013-14 6,714,042.00 1,137,721.50 Accepted u/s 153 A 2014-15 7,219,261.00 1,174,462.01 Accepted u/s 153A Estimated disallowance @50% by A.O. deleted by 2015-16 7,380,127.00 1,071,500.18 CIT(A) Estimated disallowance @50% by A.O. restricted . 2016-17 72,44,610.00 9,65,144.15 by CIT(A) @10% ….. 9. That it is not the case of the assessing officer that the aforesaid expenses have not been incurred. That the assessing officer is not alleging that the expenses are not incurred for business purposes. Keeping in view the nature of business of the appellant, these expenses are genuine business expenses incurred in regular course of business and cannot be doubted upon. The Assessing Officer and LD CIT (A) has failed to give cogent