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2014 (6) TMI 180 - ITAT HYDERABADReduction of disallowance – Relevant details not furnished - Held that:- CIT(A) restricted the disallowance and was of the view that in the absence of cogent reasons, since authenticity of expenditure could be susceptible, some reasonable amount could be disallowed, but not the entire amount as pointed out by the AO - Revenue was called upon to furnish the details such as total turnover, total expenditure incurred towards wages, salaries, conveyance, and other expenses and travelling expense – revenue was not able to furnish any details - it is not the case of the Revenue that the expenditure incurred by the assessee is excessive or it was not incurred at all - the assessee contended that even though fool-proof evidence could not be furnished, authenticity of such expenditure cannot be disputed, but for want of foolproof vouchers, at best, reasonable percentage of expenditure can be disallowed – revenue was unable to point out how the expenditure incurred by the assessee was excessive or unreasonable – revenue could not point out or place any material to contradict the findings of the CIT(A), thus, the order of the CIT(A) is upheld – Decided against Revenue.
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