https://www.taxtmi.com/caselaws?id=445018 The ITAT Delhi dismissed the assessee's appeal regarding multiple disallowances. The tribunal upheld salary and wages disallowances, reducing them from Rs. 25,28,872 to Rs. 12,00,000 and wages from Rs. 22,91,791 to Rs. 10,00,000, finding the assessee failed to produce supporting documentation. An addition for low drawings of Rs. 40,000 monthly for household expenses was confirmed, considering the cash-based business nature. Section 80C deduction was denied due to lack of supporting evidence. Various business expense disallowances at 20% and 10% rates were upheld as reasonable given the assessee's failure to maintain proper books of account and supporting vouchers. en-us Thu, 26 Oct 2023 00:00:00 +0530 Fri, 27 Oct 2023 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445018 The ITAT Delhi dismissed the assessee's appeal regarding multiple disallowances. The tribunal upheld salary and wages disallowances, reducing them from Rs. 25,28,872 to Rs. 12,00,000 and wages from Rs. 22,91,791 to Rs. 10,00,000, finding the assessee failed to produce supporting documentation. An addition for low drawings of Rs. 40,000 monthly for household expenses was confirmed, considering the cash-based business nature. Section 80C deduction was denied due to lack of supporting evidence. Various business expense disallowances at 20% and 10% rates were upheld as reasonable given the assessee's failure to maintain proper books of account and supporting vouchers. Case-Laws Income Tax Thu, 26 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445018