Selling and publicity expenses can be disallowed merely on the basis of statement of an auditor – ITAT Hyderabad

Hyderabad Distilleries And Wineries Pvt Ltd Vs DCIT (ITAT Hyderabad ) – Whether selling and publicity expenses can be disallowed merely on the basis of statement of an auditor – Whether when the similar expenses were allowed by the AO to similar parties, no disallowance can be made only on the basis of assumptions and presumptions – Whether the disallowance made without giving the assessee an opportunity to cross examine the parties on the basis of whose statement the disallowance was made, is against the natural justice.

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2. Expenses Disallowed under section 40A(3) and 40A(3A) of Income Tax Act 1961
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5. Retraction of statement made during the survey after six months merely an afterthought – ITAT Mumbai