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Walchand Hindustan Ltd. (Formerly ... vs The Asst. Cit [Alongwith Int. T.A. Nos. ... on 7 February, 2006

9. We have heard the respective parties, perused the materials available on record. We find that the Learned AO in his order observed that many of the bills do not bear truck number or name of drivers whereas the First Appellate Authority in the order impugned observed that no proper bills or vouchers were presented by the assessee from -5- ITA No.525/Ahd/2017 Om Construction Co. vs. ACIT Asst.Year - 2012-13 which the details of truck number or the driver's name or goods transported was evident. It also appears from the records that the transportations expense for the year under assessment has decreased @ 1.50% in comparison with the preceding assessment year fact of which was also brought to the notice of the First Appellate Authority by the assessee as it appear from the order impugned as already been argued by the Learned Representative of the assessee before us. We find that merely because some of the vouchers do not bear the truck number or driver's name the expenses cannot be termed as ingenuine in the present facts and circumstances of the case. Furthermore, the details whereof as given before the Learned CIT(A) or the necessity as explained for such expenses incurred by the assessee totally cannot be brushed aside. We, therefore, taking into consideration the expenses being really small amount we restrict the disallowance to the tune of Rs. 40,000/- only.
Income Tax Appellate Tribunal - Mumbai Cites 14 - Cited by 34 - Full Document
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