Ad-hoc Disallowance Capped at 8% for Estimation Without Rejecting Books

Delhi Gujarat Fleet Carriers Private Limited Vs DCIT (ITAT Delhi)

Ad-hoc Disallowance Restricted to 8% – Estimation Without Rejecting Books Curtailed Substantially

The Delhi ITAT partly allowed the assessee’s appeal and substantially reduced the ad-hoc disallowance made in respect of various business expenses for AY 2021-22. The Tribunal noted that the Assessing Officer had disallowed 100% of four categories of expenses—miscellaneous/general expenses, business promotion, repair & maint

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