Disallowance cannot exceed amount of actual expenses claimed by assessee

Dalia Investment Pvt. Ltd. Vs DCIT & Anr. (ITAT Kolkata)

Citation: Dalia Investment Pvt. Ltd. Vs DCIT &Anr. (ITAT Kolkata); ITA No.2818/Kol/2013 & ITA No.04/Kol/2014; 27/04/2018; 2006-07

Conclusion: Disallowance of miscellaneous expenditure was without application of mind by AO as disallowances of expenses cannot exceed the amount of actual expenses claimed by assessee.

Held: In the instant case, assessee had claimed mis

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