https://www.taxtmi.com/caselaws?id=389044 The Tribunal upheld the decision of the Commissioner of Income Tax(Appeals)-2, Hyderabad, dismissing the appeal and affirming the disallowance of 10% miscellaneous expenses totaling Rs. 5,04,644/- on an estimation basis due to the assessee's failure to provide complete information and evidence to support the expenses, despite agreeing to the disallowance during discussions with the Assessing Officer and the Authorized Representative. The Tribunal emphasized the necessity of substantiating expenses to avoid disallowances based on estimations. en-us Fri, 18 Oct 2019 00:00:00 +0530 Fri, 29 Nov 2019 11:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389044 The Tribunal upheld the decision of the Commissioner of Income Tax(Appeals)-2, Hyderabad, dismissing the appeal and affirming the disallowance of 10% miscellaneous expenses totaling Rs. 5,04,644/- on an estimation basis due to the assessee's failure to provide complete information and evidence to support the expenses, despite agreeing to the disallowance during discussions with the Assessing Officer and the Authorized Representative. The Tribunal emphasized the necessity of substantiating expenses to avoid disallowances based on estimations. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389044