https://www.taxtmi.com/caselaws?id=438692 The tribunal allowed the appeal in favor of the assessee regarding the disallowance of expenses of diesel charges and loading unloading charges amounting to Rs.19,35,558. Despite the Assessing Officer and Commissioner of Income-tax (Appeals) questioning the genuineness of the expenses due to timing discrepancies in voucher submission, the tribunal found the expenses to be in line with previous years and justified by the nature of the business. The tribunal concluded that the expenses booked up to the survey date were genuine, overturning the disallowance. Additionally, the disallowance of expenses without appreciating their genuineness was also reversed in favor of the assessee. en-us Wed, 17 May 2023 00:00:00 +0530 Mon, 05 Jun 2023 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438692 The tribunal allowed the appeal in favor of the assessee regarding the disallowance of expenses of diesel charges and loading unloading charges amounting to Rs.19,35,558. Despite the Assessing Officer and Commissioner of Income-tax (Appeals) questioning the genuineness of the expenses due to timing discrepancies in voucher submission, the tribunal found the expenses to be in line with previous years and justified by the nature of the business. The tribunal concluded that the expenses booked up to the survey date were genuine, overturning the disallowance. Additionally, the disallowance of expenses without appreciating their genuineness was also reversed in favor of the assessee. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438692