Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 264 - ITAT MUMBAIDisallowance of expenditure u/s 37 - AO can disallow only unsubstantiated expenses instead of ad-hoc disallowance Assessee was unable to submit complete details of the expenses including invoices - AO made ad-hoc disallowances - Held that:- AO should identify and disallow the specific expenses which are not proved and substantiated by the assessee to have been incurred wholly and exclusively for the purposes of business, instead of resorting to ad-hoc disallowances. Matter set aside and restored to the file of AO for de-novo determination.
|