https://www.taxtmi.com/caselaws?id=250880 The ITAT Mumbai partially allowed the Assessee's appeal concerning the disallowances of purchases and administrative expenses for the assessment year 2006-07. The disallowance of purchases was reduced from 30% to Rs. 50,000 due to lack of primary evidence. Similarly, the disallowance of administrative and selling expenses was decreased from 20% to 10% as the Assessee failed to provide sufficient documentation. The issue of depreciation was referred back to the AO for further examination after the CIT(A) directed a reevaluation of the additions to fixed assets. en-us Fri, 18 Jul 2014 00:00:00 +0530 Thu, 28 Aug 2014 08:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250880 The ITAT Mumbai partially allowed the Assessee's appeal concerning the disallowances of purchases and administrative expenses for the assessment year 2006-07. The disallowance of purchases was reduced from 30% to Rs. 50,000 due to lack of primary evidence. Similarly, the disallowance of administrative and selling expenses was decreased from 20% to 10% as the Assessee failed to provide sufficient documentation. The issue of depreciation was referred back to the AO for further examination after the CIT(A) directed a reevaluation of the additions to fixed assets. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250880