Bangalore ITAT Deletes ₹99.24 Lakh Ad Hoc Disallowance Backed by Evidence

Aslam Parveez Vs CIT (ITAT Bangalore) Bangalore ITAT Deletes Disallowance of ₹99.24 Lakh – Genuine Business Expenses Cannot Be Rejected on Ad Hoc Basis When Supported by Evidence The Bangalore ITAT held that hulling/curing charges incurred by a coffee trader for processing raw coffee beans into marketable coffee were wholly and exclusively for business purposes and allowable under section 37(1). The Tribunal observed that the assessee had produced ledger extracts, invoices and bank statements, establishing the genuineness of the expenditure. Since the assessee outsourced coffee processing ...