Disallowance for incompleteness of bills & vouchers on estimation basis not valid

Agarwal Print Media Vs ITO (ITAT Delhi) There is no dispute with regard to the fact that the three items of the expenses have been disallowed on estimate basis. The basis of such disallowances is said to be incompleteness of the bills and vouchers. However, the Assessing Officer has not pointed out as to which bills and vouchers were found to be wanting. Learned counsel for the assessee has relied upon the decision of the Tribunal rendered in the case of Tripat Kaur Vs. ACIT in ITA no. 3244/Del/2012 dated 07.09.2012, wherein the Tribunal has held as under: “6. We have heard the rival content...