Bench: Shri Kul Bharat & Shri Manish Boradassessment Year 2010-11 M/S. Nmi Industries Pvt. Ito-4(1) Ltd, Vs. Indore 314 Bhagirathpura, Indore (Appellant) (Respondent ) Pan No.Aabcn9571B Assessment Year 2010-2011
disallowance of selling and administrative expenses on ad-hoc basis at Rs.5,00,000/- by Ld.A.O. In the result Ground No.1 is dismissed. 7. As regards Ground No.2, Ld. Counsel for the assessee referring to the audited balance sheet submitted that the sundry balance written off were unsecured loans which were not payable and are being in the nature