https://www.taxtmi.com/caselaws?id=420914 The Tribunal set aside the CIT(A) order and vacated the ad-hoc disallowance of expenses totaling &8377; 8,30,000. The Tribunal found that the Assessing Officer's disallowances lacked specific material and valid reasons, emphasizing the necessity for concrete grounds supported by irrefutable evidence. The Tribunal concluded that the arbitrary ad-hoc disallowances were unjustified, allowing the appeal on Ground No. 2. Grounds No. 1 and 3 to 5 were dismissed as they were of a general nature and not pursued during the hearing. The appeal of the assessee was allowed, with the judgment pronounced on March 30, 2022. en-us Wed, 30 Mar 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420914 The Tribunal set aside the CIT(A) order and vacated the ad-hoc disallowance of expenses totaling &8377; 8,30,000. The Tribunal found that the Assessing Officer's disallowances lacked specific material and valid reasons, emphasizing the necessity for concrete grounds supported by irrefutable evidence. The Tribunal concluded that the arbitrary ad-hoc disallowances were unjustified, allowing the appeal on Ground No. 2. Grounds No. 1 and 3 to 5 were dismissed as they were of a general nature and not pursued during the hearing. The appeal of the assessee was allowed, with the judgment pronounced on March 30, 2022. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420914