https://www.taxtmi.com/caselaws?id=791698 Ad hoc disallowance of business expenses was held unsustainable where the assessee produced books of account, vouchers, stock records, purchase details and bank statements, and the books were not rejected under section 145(3); the 5% disallowance was deleted. In the purchase dispute, the addition for one supplier was deleted because the transactions were supported by confirmations, invoices, stock records, assessment records and supplier response, with corresponding sales accepted. For the other supplier, where documentation was limited but sales were not doubted, the addition was confined to 2% of the purchase value as profit element. The result was partial relief, with some additions deleted and one restricted. en-us Wed, 13 May 2026 00:00:00 +0530 Fri, 15 May 2026 09:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791698 Ad hoc disallowance of business expenses was held unsustainable where the assessee produced books of account, vouchers, stock records, purchase details and bank statements, and the books were not rejected under section 145(3); the 5% disallowance was deleted. In the purchase dispute, the addition for one supplier was deleted because the transactions were supported by confirmations, invoices, stock records, assessment records and supplier response, with corresponding sales accepted. For the other supplier, where documentation was limited but sales were not doubted, the addition was confined to 2% of the purchase value as profit element. The result was partial relief, with some additions deleted and one restricted. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791698