Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
There should be some evidence on the basis of which the action of the AO can be held to be justified to show that the expenses are unreasonable or excessive u/s 40A(2)(b). In the absence of any such evidence, an adhoc disallowance of 5% has rightly been rejected by the CIT(A) - AT
There should be some evidence on the basis of which the action of the AO can be held to be justified to show that the expenses are unreasonable or excessive u/s 40A(2)(b). In the absence of any such evidence, an adhoc disallowance of 5% has rightly been rejected by the CIT(A) - AT
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