https://www.taxtmi.com/caselaws?id=769652 ITAT Delhi allowed the assessee's appeal against AO's 25% disallowance of various expenditures. The Tribunal found that AO failed to provide rational basis for the ad-hoc disallowance percentage and did not reject the books of accounts. Despite voluminous evidence submitted by the assessee including additional evidence before DRP, AO made disallowances without specifying defects in bills/vouchers or proving expenses were bogus or fictitious. The Tribunal held that without rejecting books of accounts or establishing specific shortcomings, blanket percentage disallowances lack merit and deleted the AO's disallowance. en-us Fri, 25 Apr 2025 00:00:00 +0530 Tue, 29 Apr 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769652 ITAT Delhi allowed the assessee's appeal against AO's 25% disallowance of various expenditures. The Tribunal found that AO failed to provide rational basis for the ad-hoc disallowance percentage and did not reject the books of accounts. Despite voluminous evidence submitted by the assessee including additional evidence before DRP, AO made disallowances without specifying defects in bills/vouchers or proving expenses were bogus or fictitious. The Tribunal held that without rejecting books of accounts or establishing specific shortcomings, blanket percentage disallowances lack merit and deleted the AO's disallowance. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769652