Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Lack of Proof and Documentation for Sub-Contractor Payments; ITAT Upholds 20% Disallowance on Expenditure Payments
ITAT upheld a 20% disallowance on expenditure payments made to subcontractors due to insufficient proof and documentation. The ruling emphasizes the importance of maintaining proper records for tax compliance.