Penalty u/s 270A can not be levied for additions made on estimation basis. Penalty on the basis of findings in…
Addition of Mobilization Advances based on gross receipts as per 26AS statement deleted as mobilization advance was offered to tax…
Adhoc disallowance of estimated expenses was justified in the absence of substantiation of expenses by assessee ABCAUS Case Law Citation:ABCAUS…
A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case…
No further disallowance when income is computed u/s 44AD. ITAT directs AO to make assessment u/s 44AD as desired by…
Ad-hoc disallowance not within permissible arena of taxing statute which is essentially welfare in nature – ITAT ABCAUS Case Law…
The assessee was not prejudiced when AO disallowed only 10% of expenses instead of rejecting the books u/s 145 and…
Self-made vouchers would not make expenses not genuine unless they do not carry necessary details like address of the recipient…