https://www.taxtmi.com/caselaws?id=191007 The ITAT allowed the appeal of the assessee, deleting the addition of 10% of telephone and conveyance expenses for A.Y. 2008-09. The ITAT held that once Section 145(3) was invoked and trading additions were made, no separate ad hoc disallowance of expenses was justified, citing a previous judicial pronouncement and a similar decision in the assessee's favor for the preceding year. The Judicial Member found merit in the arguments of the assessee's counsel, leading to the deletion of the disputed expenses and allowing the appeal. en-us Thu, 29 Jan 2015 00:00:00 +0530 Thu, 16 Mar 2017 22:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191007 The ITAT allowed the appeal of the assessee, deleting the addition of 10% of telephone and conveyance expenses for A.Y. 2008-09. The ITAT held that once Section 145(3) was invoked and trading additions were made, no separate ad hoc disallowance of expenses was justified, citing a previous judicial pronouncement and a similar decision in the assessee's favor for the preceding year. The Judicial Member found merit in the arguments of the assessee's counsel, leading to the deletion of the disputed expenses and allowing the appeal. Case-Laws Income Tax Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191007