https://www.taxtmi.com/highlights?id=59289 Disallowance of expenditure u/s 40A(2) - In the absence of any comparable instance of rendering the similar services/supply of goods, it would not be permissible to disallow the expenditure u/s 40A(2). As the needful was not done by the Lower Authorities and on adhoc/estimate basis, the CIT Appeal has restricted the disallowance upto 20% - we restrict the disallowance upto 10% of the expenditure claimed by the Assessee - AT en-us Thu, 19 Aug 2021 22:45:15 +0530 Thu, 19 Aug 2021 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59289 Disallowance of expenditure u/s 40A(2) - In the absence of any comparable instance of rendering the similar services/supply of goods, it would not be permissible to disallow the expenditure u/s 40A(2). As the needful was not done by the Lower Authorities and on adhoc/estimate basis, the CIT Appeal has restricted the disallowance upto 20% - we restrict the disallowance upto 10% of the expenditure claimed by the Assessee - AT Highlights Income Tax Thu, 19 Aug 2021 22:45:15 +0530 https://www.taxtmi.com/highlights?id=59289