https://www.taxtmi.com/caselaws?id=460570 The Tribunal allowed the appeal, significantly reducing the disallowances made by the AO. It reduced the disallowance for unverifiable purchases from Rs. 7,00,000/- to Rs. 1,00,000/-, and deleted the disallowance for traveling expenses of Rs. 3,90,513/-. For vehicle, festival, telephone, and conveyance expenses, the Tribunal partially upheld the disallowance, treating 1/10th as personal expenses. The Tribunal emphasized the necessity for the AO to provide specific evidence when making ad-hoc disallowances, highlighting the importance of substantiating claims with concrete evidence. en-us Tue, 28 Jan 2020 00:00:00 +0530 Sun, 02 Feb 2025 09:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460570 The Tribunal allowed the appeal, significantly reducing the disallowances made by the AO. It reduced the disallowance for unverifiable purchases from Rs. 7,00,000/- to Rs. 1,00,000/-, and deleted the disallowance for traveling expenses of Rs. 3,90,513/-. For vehicle, festival, telephone, and conveyance expenses, the Tribunal partially upheld the disallowance, treating 1/10th as personal expenses. The Tribunal emphasized the necessity for the AO to provide specific evidence when making ad-hoc disallowances, highlighting the importance of substantiating claims with concrete evidence. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460570