Court : Income Tax Appellate Tribunal ITAT Jaipur
Reported in : (2006)100TTJ(JP.)1080
1. This appeal arises from the order of learned CIT(A)-II, Jaipur, vide his order dt. 14th July, 2003 for the asst. yr. 2000-01. The Revenue has raised in all three grounds of appeal as under : On the facts and in the circumstances of the case and in law, the learned CIT(A)-II, Jaipur, has erred in : 1. Holding that receipts of Rs. 1,67,20,025 being bar and catering sales are eligible for deduction under Section 80HHD ignoring the definition of services provided to foreign tourists in Explanation to Section 80HHD(7) and further in directing the AO to allow deduction under Section 80HHD accordingly. 2. Reducing the disallowance of Rs. 17,72,256 out of travelling expenses to Rs. 1,45,210 only, thereby allowing relief of Rs. 16,27,046 when the assessee failed to prove that such expenditure was exclusively and wholly incurred for assessee's business. 3. Deleting the addition of Rs. 36,59,103 made by the AO on account of preemptive utilization of reserve as chargeable to tax under Section ...
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