There should be some evidence on the basis of which the action ...

Income Tax

June 20, 2015

There should be some evidence on the basis of which the action of the AO can be held to be justified to show that the expenses are unreasonable or excessive u/s 40A(2)(b). In the absence of any such evidence, an adhoc disallowance of 5% has rightly been rejected by the CIT(A) - AT

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There should be some evidence on the basis of which the action ...

Income Tax

June 20, 2015

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