https://www.taxtmi.com/caselaws?id=779543 ITAT DELHI - AT upheld the CIT-A's disallowance of depreciation and repairs & maintenance deductions where inspector field reports showed assets not installed and the factory dilapidated and the assessee was non-cooperative, but reversed adhoc disallowances for diamond/gold jewellery and vendor-meeting expenses for lack of supporting evidence. The tribunal noted the AO produced no contrary material, the books were not rejected, and therefore struck down arbitrary percentage additions while sustaining disallowances supported by field findings and vendor statements. en-us Wed, 22 Jan 2025 00:00:00 +0530 Wed, 08 Oct 2025 09:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779543 ITAT DELHI - AT upheld the CIT-A's disallowance of depreciation and repairs & maintenance deductions where inspector field reports showed assets not installed and the factory dilapidated and the assessee was non-cooperative, but reversed adhoc disallowances for diamond/gold jewellery and vendor-meeting expenses for lack of supporting evidence. The tribunal noted the AO produced no contrary material, the books were not rejected, and therefore struck down arbitrary percentage additions while sustaining disallowances supported by field findings and vendor statements. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779543