Taxpayer's Cash Expenses Lacked Evidence, 5% Disallowance Upheld by Commissioner of Income Tax (Appeals.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenses were made in cash and were not supported with third parties evidence and many vouchers were self made - CIT(A) has restricted the disallowance to the extent of 5% of the expenses claimed by the assessee which is quite reasonable - AT....