https://www.taxtmi.com/highlights?id=83000 Assessment proceedings conducted by non-jurisdictional officer - Assessee participated without challenging jurisdiction - Assessment order valid as per Supreme Court ruling in DCIT vs. Kalinga Institute case. Bogus expenses - Assessee provided incomplete addresses, similar PAN numbers for different vendors - Disallowance of Rs. 20 lakhs justified considering totality of facts, assessee's inability to substantiate expenses despite reasonable profit rate declared. Estimation of 25% profit by authorities not warranted. en-us Mon, 11 Nov 2024 08:42:41 +0530 Mon, 11 Nov 2024 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83000 Assessment proceedings conducted by non-jurisdictional officer - Assessee participated without challenging jurisdiction - Assessment order valid as per Supreme Court ruling in DCIT vs. Kalinga Institute case. Bogus expenses - Assessee provided incomplete addresses, similar PAN numbers for different vendors - Disallowance of Rs. 20 lakhs justified considering totality of facts, assessee's inability to substantiate expenses despite reasonable profit rate declared. Estimation of 25% profit by authorities not warranted. Highlights Income Tax Mon, 11 Nov 2024 08:42:41 +0530 https://www.taxtmi.com/highlights?id=83000