Non-production of complete Bills and Vouchers: ITAT directs AO to limit Disallowance Percentages for Aggregate Expenditure, Conveyance Charges, office Maintenance, Sunday and Business Promotion Expenses

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has instructed the Assessing Officer (AO) to restrict the disallowance percentages for aggregate expenditure, conveyance charges, office maintenance, Sunday, and business promotion expenses due to the non-production of complete bills and vouchers. The assessee had appealed to the Commissioner of Income Tax (Appeals) [CIT(A)], presenting…