https://www.taxtmi.com/caselaws?id=242681 The appeal by a General Surgeon against the disallowance of 5% of Medicine and Disposables (M&D) expenses for the assessment year 2008-2009 was partly allowed. The CIT(A) reduced the disallowance from 20% to 5%, but the Tribunal found flat rate disallowances arbitrary and imposed a round sum disallowance of Rs. 1 lakh to encourage proper record-keeping. The appellant's argument of recovering the entire M&D expenditure from patients was not fully accepted due to insufficient records on medicine consumption. The Tribunal upheld the need for records and modified the disallowance amount in the appellant's favor. en-us Wed, 03 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242681 The appeal by a General Surgeon against the disallowance of 5% of Medicine and Disposables (M&D) expenses for the assessment year 2008-2009 was partly allowed. The CIT(A) reduced the disallowance from 20% to 5%, but the Tribunal found flat rate disallowances arbitrary and imposed a round sum disallowance of Rs. 1 lakh to encourage proper record-keeping. The appellant's argument of recovering the entire M&D expenditure from patients was not fully accepted due to insufficient records on medicine consumption. The Tribunal upheld the need for records and modified the disallowance amount in the appellant's favor. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242681