Disallowance cannot exceed amount of actual expenses claimed by assessee

Dalia Investment Pvt. Ltd. Vs DCIT & Anr. (ITAT Kolkata) Citation: Dalia Investment Pvt. Ltd. Vs DCIT &Anr. (ITAT Kolkata); ITA No.2818/Kol/2013 & ITA No.04/Kol/2014; 27/04/2018; 2006-07 Conclusion: Disallowance of miscellaneous expenditure was without application of mind by AO as disallowances of expenses cannot exceed the amount of actual expenses claimed by assessee. Held: In the instant case, assessee had claimed miscellaneous expenses of Rs. 11,650 only whereas AO had disallowed entire miscellaneous expenses amounting to Rs. 3,05,43 8.00. It was held that disallowances made by...