ITAT Partly Allows Appeal on Section 36(1)(va) Expenses

Advertisement Spectrum Talent Management Vs ACIT (ITAT Delhi) ITAT Delhi Deletes Ad-Hoc Travel & Telephone Disallowances; 36(1)(va) Issue Sent Back for Verification In this appeal, Assessee challenged ad-hoc disallowances of travelling & telephone expenses, along with disallowance u/s 36(1)(va). AO had disallowed 10% of travelling expenses of ₹19,34,201 & 10% of telephone expenses of ₹26,52,025, merely stating that complete bills & vouchers were not produced. CIT(A) reduced but largely sustained these disallowances. Tribunal noted that books of account were duly audited ...