Dismissing the appeal of the revenue the Tribunal held that disallowance of 20 per cent ad hoc disallowance of parking fee, without rejecting books of account not permissible. (AY. 2012-2013, 2013–2014)
DCIT v. ATC Realtors (P.) Ltd. (2019) 178 ITD 293/ 184 DTR 1 (Guwahati)(Trib.)
S. 37(1) : Business expenditure-Parking fees–Ad hoc disallowance of 20% disallowance–Books of account not rejected– Disallowance is held to be not valid. [S. 143(3)]