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2021 (8) TMI 460 - AT - Income TaxDisallowance of 20% of the Misc. & other expenses - HELD THAT:- A perusal of the assessment order itself reveals that the assessee had furnished the requisite documents/evidences relating to the incurring of the expenditure. But the Ld. AO without examining those documents and without pointing out any error in those documents has simply made the ad hoc 20% disallowance, which is not justifiable in the eyes of law. The aforesaid disallowance made by the AO is, therefore, set aside/deleted. This ground is allowed in favour of the assessee. Difference between the income reported by the assessee as compared to TDS information in Form 26AS - HELD THAT:- As assessee invited our attention to the relevant part of the assessment order and the relevant documents filed and submitted that the income declared by the assessee is much more than that is decipherable from Form 26AS. Assessee has submitted that the assessee has taken into account all the income as depicted in Form 26AS. The Learned Counsel has submitted that the assessee may be given opportunity to reconcile the figures of income as compared to the information in Form 26AS. DR has not objected to the same. This issue is, accordingly, restored to the file of the Ld. AO with a direction to verify the contention of the assessee from the accounts of the assessee and decide the issue afresh as per law.
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