Improper Vouchers Alone Insufficient for Ad Hoc Disallowance: ITAT Delhi

Zheng Yuan Mobiles Pvt. Ltd. Vs DCIT (ITAT Delhi) The case of Zheng Yuan Mobiles Pvt. Ltd. vs DCIT at ITAT Delhi revolves around the disallowance of expenses by the Assessing Officer (AO) based on improper vouchers and bills. The appellant, a private limited company engaged in the distribution of OPPO Mobiles India Pvt. Ltd., contested this disallowance, leading to a series of judicial assessments. Detailed Analysis: During the assessment proceedings, the AO raised concerns regarding the genuineness of the company’s expenses, citing insufficient documentation, internal vouchers, and cash...