Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]

Promotion Expenses - Vouchers - ITAT - AO - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, business promotion expenses by the assessee as Proprietor of SJM Enterprises cannot be disallowed without examination of vouchers. The assessee, Jasdeep Singh raised the issue that the Commissioner of Income Tax (Appeals) [CIT(A)] had erred in confirming the addition of Rs.10…

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