Allowing the appeal of the assessee the Tribunal held that since assessee had submitted complete details of these expenses and no defects in books of account were brought on record by revenue, ad hoc disallowance of these expenses to tune of 10 per cent by AO is held to be not justified. (AY. 2011-12)
TUV India (P.) Ltd. v. DCIT (2019) 75 ITR 364 / 179 ITD 238 /( 2020) 191 DTR 246/ 204 TTJ 192 (Mum.)(Trib.)
S. 37(1) : Business expenditure–Ad-hoc disallowance of 10% of total expenses-Books of account not rejected–Submitted the details of expenses-Ad-hoc disallowance is held to be not justified. [S. 145]