Addition towards portion of expense justified since documentary evidences not produced: ITAT Delhi

ACIT Vs Proptiger Realty Pvt. Ltd. (ITAT Delhi) ITAT Delhi held that CIT(A) wrongly deleted addition made by AO towards one fifth of the expenses since assessee failed to produce documentary evidences of the expenses. Accordingly, appeal of the revenue allowed. Facts- Present appeal has been preferred by the revenue mainly contesting that CIT(A) has erred in law and on facts in deleting the addition Rs. 9,31,13,272/- made by AO on account disallowance of 1/5th of expense ignoring the fact that assessee had failed to produce documentary evidences of the expenses despite of providing numerous op...