https://www.taxtmi.com/caselaws?id=437130 The ITAT Delhi ruled in favor of the assessee, vacating the ad-hoc disallowance of Rs. 5,90,048 made by the Assessing Officer. The ITAT emphasized the necessity of specific evidence and rationale for disallowances, citing the lack of concrete basis for the disallowances and the absence of legal authorization for such ad-hoc actions. Referring to precedents and legal provisions, the ITAT directed the Assessing Officer to delete the entire disallowance, highlighting the importance of substantiating disallowances with valid material and reasoning. en-us Mon, 13 Feb 2023 00:00:00 +0530 Thu, 27 Apr 2023 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437130 The ITAT Delhi ruled in favor of the assessee, vacating the ad-hoc disallowance of Rs. 5,90,048 made by the Assessing Officer. The ITAT emphasized the necessity of specific evidence and rationale for disallowances, citing the lack of concrete basis for the disallowances and the absence of legal authorization for such ad-hoc actions. Referring to precedents and legal provisions, the ITAT directed the Assessing Officer to delete the entire disallowance, highlighting the importance of substantiating disallowances with valid material and reasoning. Case-Laws Income Tax Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437130