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Income Tax Appellate Tribunal, [ DELHI BENCH “A” NEW DELHI ]
Before: SHRI CHALLA NAGENDRA PRASAD & Dr. B.R.R. KUMAR
storage space in Mumbai is also justified with the increase in processing at Mumbai 4.4.4 Considering the above facts, the written submissions and documentary evidence filed, I am of the view that the genuineness of the extra expenditure of Rs.72,00,000/- is for the purposes of business hence the addition is deleted.”
On careful reading of the observations of the ld. CIT (Appeals) we do not find any valid reason to interfere with the findings of the ld. CIT (Appeals) in deleting the preservation charges disallowed by the Assessing Officer. Ground raised
by the Revenue is rejected.
20. In the result, the appeal of the Revenue is dismissed. Order pronounced in the open court on : 25/07/2023.