Disallowance of operating expenses @ 10% - expenses being of ...

10% Disallowance on Operating Expenses Overturned Due to Lack of Evidence in Bills and Vouchers.

December 26, 2020

Case Laws Income Tax AT

Disallowance of operating expenses @ 10% - expenses being of unverified, unreasonable and excessive - without pointing out any defects in the bills and vouchers of operating expenses, the ad-hoc disallowance at the rate of the 10% out of the operating expenses cannot be sustained. - AT

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Disallowance of operating expenses @ 10% - expenses being of ...

10% Disallowance on Operating Expenses Overturned Due to Lack of Evidence in Bills and Vouchers.

December 26, 2020

Case Laws Income Tax AT

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