https://www.taxtmi.com/caselaws?id=410922 An ad hoc disallowance of 50% of salary and bonus expenses was held unsustainable where the books of account were not rejected and no finding was recorded that the payments were bogus or unverifiable. The assessment identified no specific defects or discrepancies; it relied only on a comparison with earlier years and an increase in expenditure. The Tribunal also noted that identical facts in the succeeding year had already resulted in relief for the assessee, and a remand would serve no useful purpose. The disallowance was therefore deleted. en-us Mon, 26 Jul 2021 00:00:00 +0530 Fri, 13 Aug 2021 08:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410922 An ad hoc disallowance of 50% of salary and bonus expenses was held unsustainable where the books of account were not rejected and no finding was recorded that the payments were bogus or unverifiable. The assessment identified no specific defects or discrepancies; it relied only on a comparison with earlier years and an increase in expenditure. The Tribunal also noted that identical facts in the succeeding year had already resulted in relief for the assessee, and a remand would serve no useful purpose. The disallowance was therefore deleted. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410922