https://www.taxtmi.com/caselaws?id=788259 Adhoc percentage disallowances of brokerage and administrative expenses were set aside where the assessing authority failed to identify specific, material defects in books or particular transactions; the taxpayer produced audited accounts, sub-broker ledgers, agreements, TDS records, bank evidence and vouchers. The legal principle applied requires transaction wise or head wise adverse findings before imposing blanket disallowances; absent such specificity and given extensive corroborative documentation, the adhoc 10% deductions were deleted and the additions removed in favour of the assessee. en-us Mon, 16 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788259 Adhoc percentage disallowances of brokerage and administrative expenses were set aside where the assessing authority failed to identify specific, material defects in books or particular transactions; the taxpayer produced audited accounts, sub-broker ledgers, agreements, TDS records, bank evidence and vouchers. The legal principle applied requires transaction wise or head wise adverse findings before imposing blanket disallowances; absent such specificity and given extensive corroborative documentation, the adhoc 10% deductions were deleted and the additions removed in favour of the assessee. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788259