https://www.taxtmi.com/caselaws?id=448210 ITAT Delhi allowed the assessee's appeal against 30% ad hoc disallowance of expenses for non-maintenance of proper bills and vouchers. The tribunal held that tax authorities failed to identify specific deficiencies in books of account and made excessive/unreasonable expense determination without proper basis. Despite assessee operating competitive mobile phone distribution business across Bihar, Jharkhand, and Uttrakhand with accepted revenue of Rs. 576,98,65,384, authorities made wholesale disallowance merely for improper voucher formats and missing signatures. The tribunal ruled such ad hoc disallowance without establishing specific defects was unsustainable under law. en-us Thu, 11 Jan 2024 00:00:00 +0530 Sat, 13 Jan 2024 08:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448210 ITAT Delhi allowed the assessee's appeal against 30% ad hoc disallowance of expenses for non-maintenance of proper bills and vouchers. The tribunal held that tax authorities failed to identify specific deficiencies in books of account and made excessive/unreasonable expense determination without proper basis. Despite assessee operating competitive mobile phone distribution business across Bihar, Jharkhand, and Uttrakhand with accepted revenue of Rs. 576,98,65,384, authorities made wholesale disallowance merely for improper voucher formats and missing signatures. The tribunal ruled such ad hoc disallowance without establishing specific defects was unsustainable under law. Case-Laws Income Tax Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448210