There is no legal authority by or under which the revenue-authorities can make a lump-sum disallowance. Lump sun disallowance made…
Even in best judgment assessment, AO is required to look into surrounding circumstances, nature of expenditure claimed by other assessees…
Assessees maintaining and not maintaining stock register cannot be equated. ITAT directs addition on estimate basis for possible leakage of…
Merely because some of vouchers did not bear the truck number or driver’s name the transport expenses was not ingenuine…