Disallowance under various heads of expenses - adhoc ...

Taxpayer's Expense Disallowance Reduced from 20% to 10% Due to Lack of Supporting Documents.

June 8, 2020

Case Laws Income Tax AT

Disallowance under various heads of expenses - adhoc disallowance by disallowing 20% of the expenses - When the assessee is unable to produce the bills and vouchers, the Assessing Officer can make reasonable addition, as he deems proper - disallowance restricted at 10%

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Disallowance under various heads of expenses - adhoc ...

Taxpayer's Expense Disallowance Reduced from 20% to 10% Due to Lack of Supporting Documents.

June 8, 2020

Case Laws Income Tax AT

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