ITAT Bangalore Allows Labour and Farm Expenses on Self-Made Vouchers

Carreg Commodities Pvt. Ltd. Vs ITO (ITAT Bangalore)

Assessee is a company engaged in the activity of trading in agricultural produce & filed its return of income. During the course of assessment proceedings, the assessee did not comply the earlier notices & notice u/s. 144 was issued   which was responded to.  AO found that assessee has debited Coolie & Labour charges of Rs.34,60,350 & also farm expenses of Rs.3,81,124 for which no documentary evidences were available & therefore disallowed the same in the assessment order  passed u/s. 144.

Before CI

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