Fuel Expense Disallowance Restricted to 5% Due to Self-Made Voucher Difficulties: ITAT Kolkata

Advertisement Satwinder Singh Vs ITO (ITAT Kolkata) The appeal before the ITAT Kolkata arose from the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2018-19, affirming the Assessing Officer’s disallowance of oil and fuel expenses claimed by the assessee engaged in the transportation business. The assessee had filed a return declaring nil income. During scrutiny assessment under Section 143(3) read with Section 144B of the Income-tax Act, the Assessing Officer observed that bills and vouchers were not produced for certain expenses. C...