Rejection of expense merely based on narration of bill unsustainable

Road Builders (M) SDN BHD Vs DCIT (ITAT Delhi) The narration of the professional fee bill by the payee is not at all material in rejecting the professional fee bill. Facts- The assessee company is incorporated under the laws of Malaysia which is engaged in the business of road construction. However, during the year under assessment, the assessee has not engaged in any project work except the winding up activities of project work. The AO has noted that the assessee company has no business activities and only an income of Rs.1,92,514/- has been shown under the head Other Income comprised of inte...