Taxpayer Wins: Commissioner Deletes 20% Ad-Hoc Expense Disallowance by Assessing Officer Due to Lack of Excess Cash Payments.

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....Ad-hoc disallowance of various expenses on the ground that said expenses incurred in cash and not further, supported by necessary bills and vouchers - once the Assessing Officer having accepted fact that cash payments for purchases does not exceed prescribed limit provided under the Act, then erred in making 20% ad-hoc disallowance of expenses. CIT(A), after considering relevant facts has rightly deleted additions made by the AO - AT....