Assessing Officer Cannot Arbitrarily Disallow Business Expenses When Adequate Evidence is Submitted.

Assessing Officer Cannot Arbitrarily Disallow Business Expenses When Adequate Evidence is Submitted. https://www.taxtmi.com/highlights?id=29825 Disallowance of business expenditure - When appropriate evidence has been adduced, it is not in the power of the Assessing Officer to arbitrarily disallow any item of expenditure on the ground that the sums are not verifiable. - HC en-us Mon, 20 Jun 2016 12:59:18 +0530 Mon, 20 Jun 2016 12:59:18 +0530 TaxTMI RSS Generator Assessing Officer Cannot Arbitrarily Disallow Business Expenses When Adequate Evidence is Submitted. https://www.taxtmi.com/highlights?id=29825 Disallowance of business expenditure - When appropriate evidence has been adduced, it is not in the power of the Assessing Officer to arbitrarily disallow any item of expenditure on the ground that the sums are not verifiable. - HC Highlights Income Tax Mon, 20 Jun 2016 12:59:18 +0530 https://www.taxtmi.com/highlights?id=29825