Assessing Officer Cannot Arbitrarily Disallow 20% of Expenses Without Evidence or Specific Instances Under Review.

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....Ad-hoc Disallowance towards operational and maintenance expenses - disallowance 20% - the AO can not make any ad-hoc disallowance without pointing out the specific instances i.e AO can disallow the expenditure on actual basis, in case assessee failed to produce the evidence in support of its case. - AT....