https://www.taxtmi.com/caselaws?id=410430 The Tribunal allowed the Assessee's appeal in a case concerning the disallowance of revenue expenditure. It found the AO's enquiry inadequate and the adhoc basis of disallowance unsustainable. Emphasizing the necessity of a proper investigation and justification for disallowances, the Tribunal ruled in favor of the Assessee, setting aside previous orders and highlighting the importance of avoiding disallowances based on surmises and conjectures. en-us Thu, 01 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 09:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410430 The Tribunal allowed the Assessee's appeal in a case concerning the disallowance of revenue expenditure. It found the AO's enquiry inadequate and the adhoc basis of disallowance unsustainable. Emphasizing the necessity of a proper investigation and justification for disallowances, the Tribunal ruled in favor of the Assessee, setting aside previous orders and highlighting the importance of avoiding disallowances based on surmises and conjectures. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410430