https://www.taxtmi.com/caselaws?id=370896 The Tribunal allowed the appeal filed by the assessee, ordering the deletion of the disallowed expenses of Rs. 9,15,043 paid to M/s K.G.N. Enterprises for plaster work. The Tribunal ruled in favor of the assessee, emphasizing the lack of incriminating evidence against the payments and the importance of supporting documentation. The decision was based on the assessee's substantial revenue and previous allowance of similar expenses, highlighting that mere suspicion is insufficient to discredit legitimate business expenditures. en-us Mon, 23 Jul 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370896 The Tribunal allowed the appeal filed by the assessee, ordering the deletion of the disallowed expenses of Rs. 9,15,043 paid to M/s K.G.N. Enterprises for plaster work. The Tribunal ruled in favor of the assessee, emphasizing the lack of incriminating evidence against the payments and the importance of supporting documentation. The decision was based on the assessee's substantial revenue and previous allowance of similar expenses, highlighting that mere suspicion is insufficient to discredit legitimate business expenditures. Case-Laws Income Tax Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370896