Disallowance of expenses - inability of the assessee to provide ...

Court Reduces Disallowed Business Expenses from 20% to 5% Due to Lack of Justification.

May 18, 2016

Case Laws Income Tax AT

Disallowance of expenses - inability of the assessee to provide direct evidence to establish that these expenses wholly and exclusively incurred for the purpose of business. - disallowance has been restricted to 20 per cent. without any rhyme and reason - disallowances restricted to 5% only - AT

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Disallowance of expenses - inability of the assessee to provide ...

Court Reduces Disallowed Business Expenses from 20% to 5% Due to Lack of Justification.

May 18, 2016

Case Laws Income Tax AT

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