Comparative Analysis Alone Cannot Justify Expense Disallowance: ITAT Mumbai

Advertisement Maiden Marketing India Pvt. Ltd. Vs ITO (ITAT Mumbai) ITAT Deletes Expense Disallowance Due to Absence of Defects in Supporting Evidence; ITAT Deletes ₹25.48 Lakh Additions Made on Ad Hoc Estimation of Business Expenses; Post-COVID Increase in Business Expenses Accepted by ITAT After Assessee Furnished Evidence; ITAT Rules Ad Hoc Expense Additions Unsustainable Without Finding Expenses Non-Genuine. The appeal before the ITAT Mumbai arose from an order passed by the National Faceless Appeal Centre confirming disallowances made under Section 143(3) read with Section 144B of th...