Assessing Officer's Expense Disallowance Lacks Evidence; CIT(A) Rightly Rejects Arbitrary 5% Cut u/s 40A(2)(b).

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....There should be some evidence on the basis of which the action of the AO can be held to be justified to show that the expenses are unreasonable or excessive u/s 40A(2)(b). In the absence of any such evidence, an adhoc disallowance of 5% has rightly been rejected by the CIT(A) - AT....