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Unsubstantiated Expenses: ITAT Ahmedabad Reduces Disallowance to 10%
Case Law Details
- Case Name
- Raj Quarry Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
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Raj Quarry Vs DCIT (ITAT Ahmedabad)
Income Tax Appellate Tribunal (ITAT) Ahmedabad has significantly reduced the ad-hoc disallowance of business expenses for Raj Quarry for Assessment Year 2014-15, restricting it to 10% of the claimed amount. The Tribunal found that the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) [CIT(A)] had failed to provide sufficient justification for the higher disallowances, especially when the assessee was already reporting a loss.
Raj Quarry had declared a total income of (-)₹1,35,40,922. During assessment, the AO disallowed one-third of expe...
