https://www.taxtmi.com/caselaws?id=218050 The ITAT partially allowed the appeal filed by a dyeing and printing firm, overturning the disallowance of 10% of salary expenses due to lack of concrete evidence of non-genuineness. The disallowance of packing expenses was reduced from Rs.76,740 to Rs.30,000 by the ITAT, stressing the necessity of proper documentation. Additionally, the disallowance of telephone, vehicle, and car depreciation expenses was decreased from 20% to 10% by the ITAT, highlighting the importance of segregating business and personal expenses. The ITAT underscored the significance of maintaining accurate documentation and allocation of expenses to prevent arbitrary disallowances. en-us Fri, 19 Oct 2012 00:00:00 +0530 Wed, 31 Oct 2012 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218050 The ITAT partially allowed the appeal filed by a dyeing and printing firm, overturning the disallowance of 10% of salary expenses due to lack of concrete evidence of non-genuineness. The disallowance of packing expenses was reduced from Rs.76,740 to Rs.30,000 by the ITAT, stressing the necessity of proper documentation. Additionally, the disallowance of telephone, vehicle, and car depreciation expenses was decreased from 20% to 10% by the ITAT, highlighting the importance of segregating business and personal expenses. The ITAT underscored the significance of maintaining accurate documentation and allocation of expenses to prevent arbitrary disallowances. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218050