Tribunal held that when the assessee has produced sufficient documentary evidence to prove genuineness of the transaction, Disallowance on ad hoc basis is held to be not proper. (AY. 2007-08)
Exxon Mobil Company India P. Ltd. v. ACIT (2018) 65 ITR 583/196 TTJ 1070 / 97 taxmann.com 43 (Mum.)(Trib.)
S. 37(1) : Business expenditure-Ad-hoc disallowance-Entertainment expenditure — Disallowance on ad hoc basis is held to be not proper.