ITAT Agra Deletes Ad-hoc Expense Disallowance Without Rejection of Books

Blue Lotus Developers Vs DCIT (ITAT Agra) ITAT Agra Deletes Ad-hoc Expense Disallowance Without Rejection of Books; Assessment u/s 143(3) Upheld The Agra Bench of the ITAT partly allowed the assessee’s appeal, deleting an ad-hoc disallowance of ₹6.50 lakh made towards site development and road expenses, while upholding the validity of assessment framed under section 143(3). The Assessing Officer had disallowed the expenses on the ground that supporting vouchers were incomplete and largely self-made, without rejecting the books of account under section 145(3). The Tribunal noted that the as...