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2009 (4) TMI 472 - AT - Income TaxBusiness Expenditure - disallowance made by the AO out of wages and job charges - addition made by the AO on account of alleged unexplained credit in the capital account of the assessee - AO himself noted in the assessment order that the expenses have been incurred for the purposes of business of the assessee - AO has made the disallowance only on assumptions and presumptions without finding any unvouched expenses as such warranting disallowance - no basis for making ad hoc disallowance – Appeal allowed
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