Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (7) TMI 436 - ITAT MUMBAIDisallowance of 10% of expenses in nature of staff welfare expenses conveyance expenses, general expenses and office maintenance expenses - HELD THAT:- We notice that the AO disallowed the various expenses incurred by the assessee by observing that all the expenses were incurred by the assessee are booked by way of self-made vouchers and in some cases payments are made in cash and not supported by proper bills. Accordingly, he disallowed 10% of the total expenses. This issue was already considered by the Co-ordinate Bench and reduced the disallowance from 10% to 5% in assessee’s own case in assessment year [2019 (8) TMI 1726 - ITAT MUMBAI] By respectfully following the above decision we are also inclined to direct the Assessing Officer to disallow only 5% of the total expenses. Accordingly, the amount raised by the assessee are allowed.
|