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Disallowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2014 Is there any case law, where assessee claims 20% disallowances on depreciation and expenses, where assessing officer said 50% for disallowance?
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
17 December 2014 Yes Assessee Officer can disallow the part of the expenses which are in the nature of personal expenditure under section 38(2) of Income Tax Act, 1961.

The % of dis allowance can be varied on case to case basis
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Rupesh Jain

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Rupesh Jain (Expert)
17 December 2014 IT IS on the basis of
AO his calculation of exp of personal nature. there is no standard of % of exp. disallowance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 December 2014 depends on facts of case and there is no fix % for same
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