Genuineness of expenses - purchase of diesel and oil - the ...
Income Tax
October 26, 2019
Genuineness of expenses - purchase of diesel and oil - the in-house consumption of diesel and oil cannot be neglected. But the fact that the assessee has not maintained separate ledgers for the in-house consumption of the diesel and oil viz a viz supplied to the subcontractors cannot be ignored - 50% of expenses allowed.
View Source
