The AO disallowed 15% of the expenses due to a lack of supporting documents, which the CIT(A) later reduced to 5%. However, the Tribunal found no specific issues with the expenses and ruled the disallowance was made arbitrarily
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) quashed the disallowance of ₹2,19,981 on tanker expenses, citing a lack of justification by the Assessing Officer (AO). Rajnandgaon Petrol Service,appellant-assessee,filed its income tax return for A.Y. 2017-18 on March 12, 2018, declaring an income of Rs. 17,25,670/-. The case was taken up for scrutiny under…
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