https://www.taxtmi.com/caselaws?id=281038 The Appellate Tribunal upheld the AO's decision to disallow 25% of unverifiable expenses claimed by the assessee for the assessment year 2008-09, amounting to Rs. 75,91,967. The Tribunal found the allocation of expenses between the assessee and India Infoline Ltd. was estimated without proper verification, leading to the reinstatement of the AO's order and allowing the Revenue's appeal. The deletion of the addition by the Ld. CIT(A) was deemed erroneous as the expenses were not adequately supported with sufficient details. en-us Wed, 23 Jul 2014 00:00:00 +0530 Sat, 01 Jun 2019 07:20:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281038 The Appellate Tribunal upheld the AO's decision to disallow 25% of unverifiable expenses claimed by the assessee for the assessment year 2008-09, amounting to Rs. 75,91,967. The Tribunal found the allocation of expenses between the assessee and India Infoline Ltd. was estimated without proper verification, leading to the reinstatement of the AO's order and allowing the Revenue's appeal. The deletion of the addition by the Ld. CIT(A) was deemed erroneous as the expenses were not adequately supported with sufficient details. Case-Laws Income Tax Wed, 23 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281038