https://www.taxtmi.com/caselaws?id=758872 ITAT Chennai held that examination/inspection charges paid to government agencies during customs clearance constituted allowable business expenditure under Section 37, not unexplained expenditure under Section 69C, as no evidence showed payments to individual officers or prohibited activities. The tribunal reduced ad hoc disallowance from 20% to 10% for unverifiable vouchers, deleted out-of-pocket expenses addition of Rs. 40 lakhs to avoid double taxation, and removed 15% disallowance where vouchers were impounded by department without identifying defects. Section 40(a)(ia) issue was remanded to AO for CA certificate verification. en-us Wed, 28 Aug 2024 00:00:00 +0530 Fri, 20 Sep 2024 08:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758872 ITAT Chennai held that examination/inspection charges paid to government agencies during customs clearance constituted allowable business expenditure under Section 37, not unexplained expenditure under Section 69C, as no evidence showed payments to individual officers or prohibited activities. The tribunal reduced ad hoc disallowance from 20% to 10% for unverifiable vouchers, deleted out-of-pocket expenses addition of Rs. 40 lakhs to avoid double taxation, and removed 15% disallowance where vouchers were impounded by department without identifying defects. Section 40(a)(ia) issue was remanded to AO for CA certificate verification. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758872