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2022 (6) TMI 1101 - AT - Income TaxDisallowance of expenditure u/s 37 - HELD THAT:- AO has purely made addition by making ad-hoc disallowance out of the expenditure @ of 10%. AO has not been specified at what vouchers were not available and what was the amount of such vouchers, therefore, the finding of the AO is purely ad-hoc and based on conjectures and surmises. Such findings of the Assessing Officer cannot be sustained. Hence, the Assessing Officer is hereby directed to delete the disallowance. Appeal of assessee allowed.
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