Held that the ad-hoc disallowance of 20% of to total cash expenses is held to be not justified merely because it was supported by self-made vouchers. (ITA No. 1253/Mum/2020 dt. 23-9-2021). (AY. 2011-12)
Kanti Beverages Pvt. Ltd. v. DCIT (2021) The Chamber’s Journal-October-P. 110 (Mum.)(Trib.)
S. 37(1) : Business expenditure-Ad-hoc disallowance-Self-made vouchers-Held to be not justified.