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2016 (5) TMI 1391 - ITAT MUMBAIDisallowance of cash expenses - addition u/s 40A - Held that:- As looking to the nature of expenses incurred by the assessee, it is difficult to get a third party bill for most of the expenses and incurring of cash expenses in this line of activities seems to be quite inevitable. However, looking to the facts and circumstances and that some of the expenses cannot be put to full verification, therefore, in the interest of justice, we are reducing the disallowance of cash expenses to 5%. Accordingly, the disallowance on account of cash expenses would be 5% and thus the ground raised by the assessee is partly allowed.
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