https://www.taxtmi.com/caselaws?id=786971 General percentage disallowances on total expenses are unsustainable where the assessee has maintained books of account and undergone a statutory tax audit and the revenue does not point to specific lacunae or contradictions in the audited records; the legal prescription requires identification of precise deficiencies in the accounts before applying ad hoc percentage additions, and absent such specific findings the percentage disallowance must be quashed, restoring the audited treatment of expenses. en-us Mon, 29 Sep 2025 00:00:00 +0530 Tue, 24 Feb 2026 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786971 General percentage disallowances on total expenses are unsustainable where the assessee has maintained books of account and undergone a statutory tax audit and the revenue does not point to specific lacunae or contradictions in the audited records; the legal prescription requires identification of precise deficiencies in the accounts before applying ad hoc percentage additions, and absent such specific findings the percentage disallowance must be quashed, restoring the audited treatment of expenses. Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786971