https://www.taxtmi.com/caselaws?id=428373 The Tribunal partially allowed the appeal by reducing the disallowance of expenditure from Rs. 85,56,088 to Rs. 10,00,000 due to lack of proof for expenses, considering the declared profit rate of 9.29%. Additionally, the Tribunal allowed the appeal on the disallowance of TDS under Section 40(a)(ia) for verification purposes, as the appellant had already self-disallowed the disputed amount. The decision aimed to strike a balance between requiring proper documentation and ensuring fairness in assessing the appellant's income. en-us Mon, 26 Sep 2022 00:00:00 +0530 Thu, 29 Sep 2022 09:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428373 The Tribunal partially allowed the appeal by reducing the disallowance of expenditure from Rs. 85,56,088 to Rs. 10,00,000 due to lack of proof for expenses, considering the declared profit rate of 9.29%. Additionally, the Tribunal allowed the appeal on the disallowance of TDS under Section 40(a)(ia) for verification purposes, as the appellant had already self-disallowed the disputed amount. The decision aimed to strike a balance between requiring proper documentation and ensuring fairness in assessing the appellant's income. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428373