Expenses cannot be arbitrarily restricted based on a fixed percentage increase in turnover

Amarlal Thakurdas Bathija Vs ACIT (ITAT Kolkata)

Income Tax Appellate Tribunal (ITAT) Kolkata partly allowed the appeal of Amarlal Thakurdas Bathija against an order of the Commissioner of Income Tax (Appeals) [CIT(A)]. Bathija’s appeal challenged additions made by the Assessing Officer (AO) for Assessment Year 2017-18, specifically ₹1.7 crore deemed unexplained credit and ₹49.52 lakh disallowed business expenses. The AO had passed an assessment order under Section 144 (best judgment assessment) due to Bathija’s alleged non-participation i

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