Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (8) TMI 912 - AT - Income TaxAd hoc disallowance of expenses on estimated basis - telephone expenses, deepawali expenses, rent, miscellaneous expenses and travelling expenses - whether expenses were incurred wholly and exclusively for the purpose of business - Held that:- Assessing Officer has verified all the vouchers with the ledger account of these expenses but he could not be able to pinpoint any defect in such bills and vouchers maintained by the assessee, except expressing with his view that these expenses were not wholly and exclusively made for the purpose of business. Considering the nature of such expenses like freight, telephone expenses deepawali expenses, rent miscellaneous expenses and travelling expenses and in the absence of corroborative documentary evidence, we do not find such contention taken by the lower authorities as justified for ad hoc disallowances. Additions so made deleted - Decided in favor of assessee.
|