Tag: from disallowance of expenditure on adhoc basis to the validity of the reassessment proceeding

AO merely on the guesswork has made the disallowance which is not permissible in the eyes of the law- ITAT deleted the entire ad-hoc additions.   ITAT Indore has made various remarkable observations in the case of DCIT CENTRAL-II, INDORE  VERSUS  SHRI ...