Disallowance of expenditure towards development of property - no ...

Case Laws Income Tax

May 9, 2020

Disallowance of expenditure towards development of property - no supporting bills of expenditure were provided - CIT(A) has allowed on ad hoc basis only 40% of the expenditure so claimed was genuine and incurred for developing the property - No justification in the order of the ld. CIT(A) for sustaining disallowance of 40% against the 50% disallowance made by the A.O., therefore, the A.O. is directed to allow full expenditure so incurred by the assessee.

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Disallowance of expenditure towards development of property - no ...

Case Laws Income Tax

May 9, 2020

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