https://www.taxtmi.com/highlights?id=29274 Disallowance of expenses - inability of the assessee to provide direct evidence to establish that these expenses wholly and exclusively incurred for the purpose of business. - disallowance has been restricted to 20 per cent. without any rhyme and reason - disallowances restricted to 5% only - AT en-us Wed, 18 May 2016 08:27:54 +0530 Wed, 18 May 2016 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29274 Disallowance of expenses - inability of the assessee to provide direct evidence to establish that these expenses wholly and exclusively incurred for the purpose of business. - disallowance has been restricted to 20 per cent. without any rhyme and reason - disallowances restricted to 5% only - AT Highlights Income Tax Wed, 18 May 2016 08:27:54 +0530 https://www.taxtmi.com/highlights?id=29274