https://www.taxtmi.com/caselaws?id=378665 The Tribunal partly allowed the appeal, directing deletion of the addition made by the Assessing Officer regarding the disallowance of expenses. The Tribunal found the estimation by the AO, based on self-made debit vouchers without rejecting the books of accounts, to be arbitrary and unsustainable. It emphasized the need for specific disallowances for unsupported expenses rather than ad hoc percentage-based disallowances. The Tribunal set aside the CIT(A)'s order restricting expenses at 5% as it was also deemed arbitrary. Other grounds of appeal were dismissed. en-us Wed, 20 Feb 2019 00:00:00 +0530 Thu, 18 Apr 2019 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378665 The Tribunal partly allowed the appeal, directing deletion of the addition made by the Assessing Officer regarding the disallowance of expenses. The Tribunal found the estimation by the AO, based on self-made debit vouchers without rejecting the books of accounts, to be arbitrary and unsustainable. It emphasized the need for specific disallowances for unsupported expenses rather than ad hoc percentage-based disallowances. The Tribunal set aside the CIT(A)'s order restricting expenses at 5% as it was also deemed arbitrary. Other grounds of appeal were dismissed. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378665