My assessee is a transporter operater and he had many of self-made vouchers for petty expenses by nature. But the AO has disallowed 10 % of expenses for Rs. 9,20,000/- and it was added to his return of income.
Now the query is whether any person claim the expenses with self-made vourchers by its nature or not? Please advise us with case law reference, since we preferred to go for an appeal.
By A. Ramakrishnan, Chennai - [email protected]
Transport Operator Challenges Disallowance of Expenses Due to Self-Made Vouchers; Seeks Clarification on Validity and Case Law A transporter operator faced an issue where the Assessing Officer disallowed 10% of his expenses, amounting to Rs. 9,20,000, due to reliance on self-made vouchers for petty expenses. The operator sought advice on whether such expenses could be claimed using self-made vouchers and requested case law references for an appeal. The response indicated that the claim's validity depends on the nature and substance of the expenses rather than the type of documentation, emphasizing the importance of the transaction's substance over the form of the vouchers used. (AI Summary)
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