Absence of Cross-Verification u/s 133(6) Should Not Be Sole Basis to Disallow Expenses: ITAT [Read Order]

Absence of Cross-Verification - Disallow Expenses - ITAT - Cross-Verification - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the absence of cross-verification under Section 133(6) of the Income Tax Act, 1961 should not be taken as the sole basis to disregard the nature and expediency of such expenses and also held that the assessee had reasonably established the nexus between…

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