Wednesday, August 18, 2021

ITAT directed AO to disallow 10% of land development exp. as assessee failed to prove its genuineness

INCOME TAX : Where assessee failed to establish that land development expenses claimed by it were genuine as most of vouchers produced by it were self-made and also not in proper order for verification, Assessing Officer was to be directed to disallow 10 per cent of total expenditure claimed by assessee

from www.taxmann.com Latest Case Laws https://ift.tt/37RywGb

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