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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Disallowance on expenses on adhoc basis under manufacturing, ...

Income Tax

December 31, 2014

Disallowance on expenses on adhoc basis under manufacturing, trading and other expenses – The AO could not have made any ad-hoc disallowances without pointing out even a single instance of inflation of expenditure - AT

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  9. Ad-hoc disallowance of various expenses on the ground that said expenses incurred in cash and not further, supported by necessary bills and vouchers - once the Assessing...

  10. Discount to customers - Merely because the receipt vouchers were made by the assessee cannot be a ground to make ad hoc disallowance out of the claim of discount - AT

 

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