https://www.taxtmi.com/caselaws?id=425460 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) in a case concerning the disallowance of expenses claimed by the assessee for the Assessment Year 2014-15. The Tribunal found that the Assessing Officer's disallowance of the entire expenditure was unwarranted, considering the nature of the business and challenges faced due to the HudHud cyclone. A reasonable disallowance of Rs. 5,00,000 was directed due to deficiencies in bills and vouchers. The Tribunal dismissed the revenue's appeal and upheld the Commissioner's order, also rejecting the cross objections filed by the assessee. en-us Fri, 22 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 09:05:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425460 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) in a case concerning the disallowance of expenses claimed by the assessee for the Assessment Year 2014-15. The Tribunal found that the Assessing Officer's disallowance of the entire expenditure was unwarranted, considering the nature of the business and challenges faced due to the HudHud cyclone. A reasonable disallowance of Rs. 5,00,000 was directed due to deficiencies in bills and vouchers. The Tribunal dismissed the revenue's appeal and upheld the Commissioner's order, also rejecting the cross objections filed by the assessee. Case-Laws Income Tax Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425460