Case Law Details
Case Name : Shivam Tractor Vs ITO (ITAT Raipur)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Raipur
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Shivam Tractor Vs ITO (ITAT Raipur)
ITAT Raipur held that ad-hoc disallowance of expenditure without specifying expenditure which was either not incurred for the purpose of business or was not substantiated by documentary evidence/material is unsustainable in law.
Facts- The assessee company, which is engaged in the business of trading tractors, trolleys, and spare parts, had filed its return of income for A.Y. 2013-14, declaring an income of Rs. 4,93,500/-. The case of th
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