https://www.taxtmi.com/caselaws?id=417971 The ITAT Chennai partially allowed the appeal, modifying the ad hoc disallowance of development expenses to 10% of the total amount, disagreeing with the AO's and CIT(A)'s arbitrary estimation. The ITAT emphasized the lack of prescribed rules for such disallowances and directed the AO to limit the disallowance accordingly. The decision set aside the CIT(A)'s order and was delivered on January 31, 2022, in Chennai. en-us Mon, 31 Jan 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417971 The ITAT Chennai partially allowed the appeal, modifying the ad hoc disallowance of development expenses to 10% of the total amount, disagreeing with the AO's and CIT(A)'s arbitrary estimation. The ITAT emphasized the lack of prescribed rules for such disallowances and directed the AO to limit the disallowance accordingly. The decision set aside the CIT(A)'s order and was delivered on January 31, 2022, in Chennai. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417971