THE ACIT, COCHIN vs. M/S.PTL ENTERPRISES LTD, COCHIN

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

business carried on by the appellant company. Our above conclusion is also fortified from the approach adopted by the Assessing Officer whereby out of expenditure claimed of Rs.18.77 crores, he has allowed expenditure of Rs.2.59 crores under the following heads: Sl. Particulars Amount claimed as Allowed by No. per computation of Assessing Officer income (Rs.) (Rs. In lacs) I EMPLOYEES

THE ACIT, COCHIN vs. M/S.PTL ENTERPRISES LTD, COCHIN

In the result, the appeals filed by the Revenue are dismissed