Disallowance of office expenses - inflation of expenditure ...

Assessing Officer Limits Office Expense Claims to 40% Due to Lack of Records, Preventing Inflation of Expenditure.

May 21, 2015

Case Laws Income Tax AT

Disallowance of office expenses - inflation of expenditure cannot be ruled out - Without maintaining any books or record, the assessee is claiming 60 per cent. as expenditure - AO has rightly restricted the expenditure to 40% of the gross receipts - AT

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Disallowance of office expenses - inflation of expenditure ...

Assessing Officer Limits Office Expense Claims to 40% Due to Lack of Records, Preventing Inflation of Expenditure.

May 21, 2015

Case Laws Income Tax AT

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