Bangalore ITAT Deletes Ad-Hoc Transport Expense Disallowance: AO Can’t Expect Perfect Vouchers for Highway Expenses

A Kishore Rao and Others Vs DCIT (ITAT Bangalore) Bangalore ITAT Deletes Ad-Hoc Transport Expense Disallowance – AO Cannot Expect ‘Perfect Vouchers’ for Every Highway Expense Across India The Bangalore ITAT deleted the entire ad-hoc disallowance made out of transport business expenses and held that merely because complete petty vouchers were not available, huge operational expenses could not be disallowed when the transportation activity itself was accepted as genuine. The assessee, engaged in nationwide chassis transportation business, had incurred substantial expenses towards fuel,...