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ITAT Chennai: Ad-hoc Disallowance of Expenses Not Permissible Without Pointing Specific Defects in Books
Case Law Details
- Case Name
- Gaura Nitai Seva Trust Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
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Gaura Nitai Seva Trust Vs ITO (ITAT Chennai)
ITAT Chennai: Ad-hoc Disallowance of Expenses Not Permissible Without Pointing Specific Defects in Books
The assessee, Madurai District Co-operative Milk Producers Union Ltd., filed its return declaring income of ₹17.39 crore. During assessment u/s 143(3) r.w.s. 144B, the AO made ad-hoc disallowance of 15% of administrative overhead expenses (₹34.01 crore) and purchase expenses (₹24.13 crore) on the ground that the assessee failed to produce complete bills and vouchers. The disallowance resulted in an addition of ₹8.72 crore...
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