https://www.taxtmi.com/caselaws?id=294403 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the adhoc disallowance of expenses. The Tribunal emphasized that without evidence of excessive expenses or expenses not being incurred for business purposes, adhoc disallowance was not justified. It was held that irregularities in maintaining supporting evidence did not warrant adhoc disallowance if expenses were for business purposes. en-us Thu, 19 Dec 2019 00:00:00 +0530 Mon, 12 Apr 2021 08:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294403 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the adhoc disallowance of expenses. The Tribunal emphasized that without evidence of excessive expenses or expenses not being incurred for business purposes, adhoc disallowance was not justified. It was held that irregularities in maintaining supporting evidence did not warrant adhoc disallowance if expenses were for business purposes. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294403