Goods Transport Business cannot Prove veracity of Expenses with Documents: ITAT deletes Disallowance [Read Order]

ITAT - disallowance - goods transport business - veracity of expenses - Taxscan

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted disallowance and holds that in goods transport business it is not always possible to show veracity of expenses completely. The appellant, Gujarat Goods Service, is engaged in the business of transportation through its own vehicles and also by hiring of other vehicles….

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