Audited books cannot be rejected in such a casual manner. Ad hoc disallowances are arbitrary and cannot be upheld.
ITAT KOLKATA
ACIT, CIRCLE-11 (2) , KOLKATA VERSUS M/S. MACKINTOSH BURN LTD (VICE-VERSA)
I.T.A. No.2139/KOL/2018, 1940/KOL/2018 (Assessment Year: 2014-15)
Short Overview:
Unascertained Liabilities u/s 41(1)
CIT(A) ...
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