Ad-hoc Disallowances Without Rejection of Books Under Section 145(3) Are Unjustified and Deletable
Ad-hoc Disallowances Without Rejection of Books Under Section 145(3) Are Unjustified and Deletable Issue Whether ad-hoc and estimated disallowances made by tax authorities in respect of alleged bogus purchases, sales promotion expenses, foreign travel expenses, related party professional fees/salaries under Section 40A(2), and operational cash expenses are legally sustainable without invoking Section 145(3) to reject… Read More »