Thursday, July 22, 2021

No disallowance just because vouchers produced by assessee as proof were handwritten: HC

INCOME TAX : Assessing Officer could not have made ad hoc disallowance for transportation charges on ground that vouchers were self made/hand written, without assigning specific reason for any voucher; matter was remanded for de novo consideration after a thorough verification of all documents

from www.taxmann.com Latest Case Laws https://ift.tt/3hRTGd3

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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