https://www.taxtmi.com/highlights?id=59211 Ad hoc disallowance of 10% of expenses - Since the AO or the Ld. CIT(A) has not rejected the books of account of the assessee they could not have estimated (ad hoc disallowance of 10%) the expenses claimed to have been incurred by the assessee. Moreover, the AO has made the ad hoc disallowance on the supposition that there might be personal expenditure - AO did not notice that the assessee is a company and not a Firm or proprietary concern etc. So, his reason for disallowance also fails - AT en-us Sat, 14 Aug 2021 09:27:27 +0530 Sat, 14 Aug 2021 09:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59211 Ad hoc disallowance of 10% of expenses - Since the AO or the Ld. CIT(A) has not rejected the books of account of the assessee they could not have estimated (ad hoc disallowance of 10%) the expenses claimed to have been incurred by the assessee. Moreover, the AO has made the ad hoc disallowance on the supposition that there might be personal expenditure - AO did not notice that the assessee is a company and not a Firm or proprietary concern etc. So, his reason for disallowance also fails - AT Highlights Income Tax Sat, 14 Aug 2021 09:27:27 +0530 https://www.taxtmi.com/highlights?id=59211