Reduction of adhoc disallowance of miscellaneous expense from 15% to 5% justified

ITO Vs Hemant Kr. Das (ITAT Kolkata) ITAT Kolkata held that reduction of adhoc disallowance of miscellaneous expenditure from 15% to 5% justified as 1st Appellate Authority has exercised discretion in working out the adhoc disallowance. Facts- Assessing Officer has noticed miscellaneous expenditures under eight heads. These are in the nature of telephone expenses, travelling expenses, loading and unloading expenses, etc. According to the ld. Assessing Officer, the assessee was unable to file complete supporting details, therefore, he disallowed 15% of such expenses on adhoc basis. The ld. 1st ...