Disallowance of entire expenditure on school was arbitrary and unreasonable – ITAT
June 7, 2019
Income Tax, ITAT
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate income @20% of gross receipts ABCAUS Case Law Citation:ABCAUS 2996 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:Dhakeswari Cotton Mills Ltd. Vs. CIT (1954) 26 ITR 775 (SC)Vidyodaya Educational …