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| The Tax Publishers2020 TaxPub(DT) 0951 (Jp-Trib) INCOME TAX ACT, 1961
Section 143(3)
As there were no specific findings by AO in terms of expenses not been incurred for the purpose of business or bogus in nature, therefore, ad hoc disallowance of various expenses could not be sustained.
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Assessment - Ad hoc disallowance of various expenses - No specific findings by AO in terms of expenses not been incurred for the purpose of business or bogus in nature -
AO made disallowance of various expenses amounting to Rs. 62,000, without recording specific findings.Held: As there were no specific findings by AO in terms of expenses not been incurred for the purpose of business or bogus in nature, therefore, ad hoc disallowance of various expenses could not be sustained.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. :
INCOME TAX ACT, 1961
Section 68
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