https://www.taxtmi.com/highlights?id=75577 Unexplained expenditure - certain entries were found unmatched / not accounted for in the books of accounts in the expense ledger of the assessee - The assessee contended that the expenses were accounted for but not individually, and were incurred by employees at respective sites, later reimbursed by the assessee. However, the Tribunal (ITAT) found the explanation insufficient, emphasizing the need for proper documentation and evidence. While partially allowing the appeal, the tribunal imposed a restricted disallowance of 25% of the amount determined by the AO. en-us Mon, 11 Mar 2024 06:26:02 +0530 Mon, 11 Mar 2024 06:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75577 Unexplained expenditure - certain entries were found unmatched / not accounted for in the books of accounts in the expense ledger of the assessee - The assessee contended that the expenses were accounted for but not individually, and were incurred by employees at respective sites, later reimbursed by the assessee. However, the Tribunal (ITAT) found the explanation insufficient, emphasizing the need for proper documentation and evidence. While partially allowing the appeal, the tribunal imposed a restricted disallowance of 25% of the amount determined by the AO. Highlights Income Tax Mon, 11 Mar 2024 06:26:02 +0530 https://www.taxtmi.com/highlights?id=75577