Leakage of revenue - Any disallowance should be specific and ...

Income Tax

August 9, 2016

Leakage of revenue - Any disallowance should be specific and properly quantified - presumptive and ad-hoc addition based on an outlandish consideration of plugging possible leakage or revenue deleted - AT

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Leakage of revenue - Any disallowance should be specific and ...

Income Tax

August 9, 2016

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Disallowance on an ad-hoc basis - in the absence of necessary documentary evidence the AO had no alternative except to make the disallowance on an ad-hoc basis.

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