Mukund Oil Mills Pvt. Ltd Vs DCIT, Central Circle-3(2), Kolkata
Parties Involved
Facts Summary
This is an appeal filed by the assessee, Mukund Oil Mills Pvt. Ltd, against the order dated 19.09.2025 passed by the ld. Addl/JCIT(A), Faridabad for the assessment year 2012-2013. The assessee is in the business of extraction of oil. The assessee’s books were audited. The Assessing Officer disallowed 20% of the travelling expenses and the miscellaneous expenses without rejecting the books of accounts of the assessee. The disallowance was made on an estimation basis.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessing Officer can disallow 20% of the travelling and miscellaneous expenses on an estimation basis without rejecting the books of accounts.
Judgment Outcome
Decided in favour of Assessee.
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