https://www.taxtmi.com/article/detailed?id=11336 Ad-hoc disallowance of business expenditures is impermissible where the assessee produces detailed vouchers and records showing genuine outlays; sustaining a percentage cut without identifying defects in books is arbitrary. Taxpayers must nonetheless prove commercial expediency and nexus for claimed expenses, and where documentation is deficient assessing officers may disallow promotional costs, advances, salary write-offs and bad debts. en-us Wed, 19 Apr 2023 12:20:20 +0530 Wed, 19 Apr 2023 12:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11336 Ad-hoc disallowance of business expenditures is impermissible where the assessee produces detailed vouchers and records showing genuine outlays; sustaining a percentage cut without identifying defects in books is arbitrary. Taxpayers must nonetheless prove commercial expediency and nexus for claimed expenses, and where documentation is deficient assessing officers may disallow promotional costs, advances, salary write-offs and bad debts. Articles Other Topics Wed, 19 Apr 2023 12:20:20 +0530 https://www.taxtmi.com/article/detailed?id=11336