Tax Authority Disallows 10% of Company Expenses Due to Lack of Documentation and Bills for General Costs.

Tax Authority Disallows 10% of Company Expenses Due to Lack of Documentation and Bills for General Costs. https://www.taxtmi.com/highlights?id=29597 Addition of general expenses being 10% of the general expenses - failure of the assessee company to produce the documentary evidences, bills etc. - the disallowance of 10% of general expenses is quite reasonable - AT en-us Sat, 04 Jun 2016 14:29:45 +0530 Sat, 04 Jun 2016 14:29:45 +0530 TaxTMI RSS Generator Tax Authority Disallows 10% of Company Expenses Due to Lack of Documentation and Bills for General Costs. https://www.taxtmi.com/highlights?id=29597 Addition of general expenses being 10% of the general expenses - failure of the assessee company to produce the documentary evidences, bills etc. - the disallowance of 10% of general expenses is quite reasonable - AT Highlights Income Tax Sat, 04 Jun 2016 14:29:45 +0530 https://www.taxtmi.com/highlights?id=29597