Disallowance unsustainable in absence of proper verification of evidences submitted

Ajaipal Mangal & Co. Vs ACIT (ITAT Mumbai) Disallowance unsustainable in absence of proper verification of evidences submitted justifying payment to sub-contractors ITAT Mumbai held that assessee duly furnished details like PAN, sub-contract amount and details of TDS justifying payment to sub-contractors. Merely disallowing 10% of sub-contract expense without verifying the veracity of assessee’s claim based on the evidences produced is unsustainable in law. Facts- During the course of assessment proceedings, upon perusal of profit and loss account it was observed that assessee has debite...