Tribunal held that Assessing Officer has not pointed out any specific defect in the bills and purchase vouchers hence the ad-hoc disallowance of 20 per cent is not justified.(AY. 2008-09)
ITO v. Guru Homes (2021) 214 TTJ 17 (UR) (Chennai)(Trib.)
S. 37(1) : Business expenditure-Ad-hoc disallowance-Not pointed out any specific defect-Not justified in making 20 percent ad-hoc disallowance. [S. 143(3)]