No justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature of business: ITAT [Read Order]

No justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature of business, rules, ITAT
No justification - disallowance - Ad Hoc - without pointing - deficiency - books - nature of business - ITAT - taxscan

In a significant ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature of business The counsel for the assessee Mashendra Kumar Mashi raised concerns regarding the oversight by the tax authorities regarding…

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