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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Disallowance on account of weaving majuri expenses - cash ...


Assessing Officer Cuts Weaving Majuri Cash Expense Disallowance from 20% to 10% Due to Lack of Evidence.

September 17, 2015

Case Laws     Income Tax     AT

Disallowance on account of weaving majuri expenses - cash expenditure - in the absence of any finding of the authorities that the expenses are bogus in nature, the addition is restricted to 10% of the expenses as against the 20% made by A.O. - AT

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