https://www.taxtmi.com/caselaws?id=459298 Business expenditure could not be disallowed on mere suspicion where the assessee produced names, addresses, PAN details, TDS records, bank payments, vouchers and audited books, and the Assessing Officer made no independent enquiry or identified any specific defect. Commission and brokerage were held allowable under section 37, donation and puja es were accepted as business-expediency related, and an ad hoc disallowance of other expenses was rejected because estimated additions cannot rest on guesswork or conjecture. The first appellate authority's deletion of all additions was sustained and the Revenue's challenge failed in full. en-us Fri, 27 Jul 2018 00:00:00 +0530 Sat, 07 Dec 2024 19:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459298 Business expenditure could not be disallowed on mere suspicion where the assessee produced names, addresses, PAN details, TDS records, bank payments, vouchers and audited books, and the Assessing Officer made no independent enquiry or identified any specific defect. Commission and brokerage were held allowable under section 37, donation and puja es were accepted as business-expediency related, and an ad hoc disallowance of other expenses was rejected because estimated additions cannot rest on guesswork or conjecture. The first appellate authority's deletion of all additions was sustained and the Revenue's challenge failed in full. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459298