https://www.taxtmi.com/caselaws?id=408559 The Tribunal partially allowed the appeal, directing the AO to investigate the nature of expenses for weighted deduction under section 35(2AB) and remanding the issue of addition towards export turnover differences for further explanation by the assessee. The Tribunal reduced the adhoc disallowance of printing and stationery expenses to 5% and allowed the assessee to submit additional evidence regarding the disallowance of deferred revenue expenditure, prompting a reconsideration by the AO. The importance of providing evidence and justifications for tax assessments was emphasized in the decision. en-us Fri, 11 Jun 2021 00:00:00 +0530 Tue, 15 Jun 2021 07:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408559 The Tribunal partially allowed the appeal, directing the AO to investigate the nature of expenses for weighted deduction under section 35(2AB) and remanding the issue of addition towards export turnover differences for further explanation by the assessee. The Tribunal reduced the adhoc disallowance of printing and stationery expenses to 5% and allowed the assessee to submit additional evidence regarding the disallowance of deferred revenue expenditure, prompting a reconsideration by the AO. The importance of providing evidence and justifications for tax assessments was emphasized in the decision. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408559