https://www.taxtmi.com/caselaws?id=296258 The Appellate Tribunal partially allowed the appeal, reducing the adhoc disallowance of expenses from 10% to 5%. The decision was based on the lack of concrete evidence supporting the initial disallowance percentage. The Tribunal emphasized the need for specific defects or deficiencies to justify disallowances rather than relying on general presumptions. The order was pronounced on 09.08.2019, with the AO directed to implement the revised disallowance percentage. en-us Fri, 09 Aug 2019 00:00:00 +0530 Mon, 12 Jul 2021 19:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296258 The Appellate Tribunal partially allowed the appeal, reducing the adhoc disallowance of expenses from 10% to 5%. The decision was based on the lack of concrete evidence supporting the initial disallowance percentage. The Tribunal emphasized the need for specific defects or deficiencies to justify disallowances rather than relying on general presumptions. The order was pronounced on 09.08.2019, with the AO directed to implement the revised disallowance percentage. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296258