Sec.40A(2) – Concrete evidence or material must to allocate unreasonable &excessive expenses for purpose of disallowance

ITAT MUMBAI BENCH ‘G’ Global Innovsource Search Solutions (P.) Ltd. versus Income-tax Officer IT Appeal Nos.7478 & 9245 (Mum) of 2010 [ASSESSMENT YEAR 2007-08] JUNE  27, 2012 ORDER Amit Shukla, Judicial Member   These are the cross appeals filed by the assessee as well as the department against the order dated 18-8-2010, passed by the CIT (A)-21, Mumbai for the quantum of assessment passed under Section 143(3) for the assessment year 2007-2008. In both the appeals, the issues are common which relates to dis allowance of Rs. 20,00,000/- made by the Assessing ...