ITAT deletes ad-hoc disallowances made without specifying non available vouchers

Grand Mumtaz Resorts Vs ITO (ITAT Amritsar) Introduction: The recent case of Grand Mumtaz Resorts vs. ITO, decided by ITAT Amritsar, revolves around the ad-hoc disallowance of expenses worth Rs.1,02,350. The dispute arose due to the Assessing Officer’s sweeping statement on insufficiently vouched expenses. The assessee contended that the lack of specificity in pointing out particular vouchers rendered the disallowance unjustifiable. Detailed Analysis: During the assessment proceedings, the assessee was asked to produce vouchers to substantiate various expenses, including miscellaneous, p...