https://www.taxtmi.com/caselaws?id=417323 The Tribunal allowed the appeal, ruling that the ad-hoc disallowance of 5% of labour charges was unjustified as there was no evidence of bogus payments. Emphasizing the need for actual evidence of wrongdoing, the Tribunal held that additions cannot be made solely on presumption and conjectures. The decision was based on legal principles requiring concrete proof for disallowances, rather than assumptions. en-us Thu, 13 Jan 2022 00:00:00 +0530 Wed, 19 Jan 2022 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417323 The Tribunal allowed the appeal, ruling that the ad-hoc disallowance of 5% of labour charges was unjustified as there was no evidence of bogus payments. Emphasizing the need for actual evidence of wrongdoing, the Tribunal held that additions cannot be made solely on presumption and conjectures. The decision was based on legal principles requiring concrete proof for disallowances, rather than assumptions. Case-Laws Income Tax Thu, 13 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417323