ITAT Remands Crore Expense Disallowance, Citing Failure to Examine Documentary Evidence

Sameer Fateh Shaikh Vs ACIT (ITAT Mumbai) ITAT Mumbai sets aside disallowance of ₹1.97 Cr dubbing expenses – Remands to CIT(A) as authorities ignored invoices, bank proofs & confirmations; mere appearance of husband of vendor cannot make the entire expenditure “bogus” Assessee is an individual engaged in the post-production media business, earning dubbing income. To execute these assignments, he regularly sub-contracts work to artists, coordinators, script writers & freelancers. For AY 2015-16, he debited ₹1,97,57,904 towards contract dubbing/artist coordination charges. ...