https://www.taxtmi.com/caselaws?id=367945 A disallowance for alleged bogus purchases of jowar could not be sustained where the assessment record showed that the amount had not been debited to the profit and loss account. On that factual basis, no expenditure claim existed in the accounts, so the sum could not be disallowed as a claimed business expense. The alternate ground became academic once this footing failed, and the disallowance was deleted in favour of the assessee. en-us Thu, 20 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:13:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367945 A disallowance for alleged bogus purchases of jowar could not be sustained where the assessment record showed that the amount had not been debited to the profit and loss account. On that factual basis, no expenditure claim existed in the accounts, so the sum could not be disallowed as a claimed business expense. The alternate ground became academic once this footing failed, and the disallowance was deleted in favour of the assessee. Case-Laws Income Tax Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367945