Ad-hoc Disallowance of Cash Expenses Overruled; Self-made Vouchers and Audited Statements Validated by Assessing Officer.

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....Disallowance of expenses - Disallowance has been merely made on the observation that some of the expenditure are incurred in cash and some vouchers are self made - merely making a ad-hoc disallowance and completely disregarding the audited financial statements was certainly not justified on the part of Ld.A.O.....