Tribunal held that the Assessing Officer has not found any defects in the books of account, financial statement is audited, hence, ad-hoc disallowance is held to be not justified. (AY. 2011-12, 2015-16, 2016-17)
ACIT v. Ariba Foods Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.) ACIT v. Vyanktesh Plastics and Packaging Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.) ACIT v. Famous Vanijya Pvt. Ltd. (2021) 86 ITR 174 (Indore)(Trib.)
S. 37(1) : Business expenditure-Power and fuel expenses-No defect in books of account-Financial statement audited-Ad Hoc Disallowance is held to be not justified. [S. 145]