https://www.taxtmi.com/caselaws?id=795995 Inadequate third-party evidence for marketing expenditure does not, by itself, establish misreporting of income under Section 270A(9). The notes state that expenditure supported by self-made vouchers, incurred on client visits, entertainment, refreshments, travel and related sales activities, could not be wholly disallowed where the books were audited without adverse comment; the disallowance was restricted. They further state that penalty for misreporting requires proof that the case falls within a specified statutory category, such as misrepresentation, suppression of facts, unsupported expenditure without evidence, or false book entries. Mere insufficient substantiation was therefore treated as insufficient for misreporting penalty. en-us Wed, 15 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795995 Inadequate third-party evidence for marketing expenditure does not, by itself, establish misreporting of income under Section 270A(9). The notes state that expenditure supported by self-made vouchers, incurred on client visits, entertainment, refreshments, travel and related sales activities, could not be wholly disallowed where the books were audited without adverse comment; the disallowance was restricted. They further state that penalty for misreporting requires proof that the case falls within a specified statutory category, such as misrepresentation, suppression of facts, unsupported expenditure without evidence, or false book entries. Mere insufficient substantiation was therefore treated as insufficient for misreporting penalty. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795995