https://www.taxtmi.com/caselaws?id=335050 Business expenditure supported by employees' records, vouchers and ledger entries was held not to justify the high estimated disallowances made for salary, commission, staff welfare, sales promotion, travelling, telephone, conveyance, office and HMV Enterprises expenses. Because complete vouchers were unavailable due to lapse of time and the assessee had offered reasonable explanations, the ad hoc restrictions at 50% were considered excessive on the facts. The disallowances were therefore moderated to 25% across the contested heads, and the assessee obtained partial relief. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 25 Nov 2016 10:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335050 Business expenditure supported by employees' records, vouchers and ledger entries was held not to justify the high estimated disallowances made for salary, commission, staff welfare, sales promotion, travelling, telephone, conveyance, office and HMV Enterprises expenses. Because complete vouchers were unavailable due to lapse of time and the assessee had offered reasonable explanations, the ad hoc restrictions at 50% were considered excessive on the facts. The disallowances were therefore moderated to 25% across the contested heads, and the assessee obtained partial relief. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335050