Commercial’s Disallowance of Expenses as per Provisions of the Income Tax Act – 1st Edition (2026) is a focused and practice-oriented resource designed to provide a clear understanding of expense disallowance provisions under India’s direct tax framework.

This book offers a detailed analysis of the various provisions governing allowability and disallowance of business and professional expenses. It explains conditions, restrictions, and exceptions applicable under the Income Tax Act, helping readers understand how deductions are evaluated during assessment proceedings.

The content is structured to simplify complex legal provisions through practical explanations and examples. It also incorporates relevant judicial pronouncements and interpretative guidance, enabling professionals to handle tax assessments, audits, and litigation effectively.

Key areas covered include:

• General principles of allowability of expenses
• Specific disallowance provisions and restrictions
• Treatment of capital vs revenue expenditure
• Compliance requirements and documentation
• Practical issues faced during tax assessments

This book is an essential reference for chartered accountants, tax practitioners, corporate professionals, and students preparing for CA, CS, CMA, and other professional examinations. It bridges the gap between statutory provisions and real-world tax practice.

⭐ Key Highlights

• ✔️ Detailed coverage of disallowance provisions under Income Tax Act
• ✔️ Explains allowability vs disallowance of expenses
• ✔️ Includes latest interpretations and judicial guidance
• ✔️ Practical approach with examples and clarity
• ✔️ Useful for tax assessments, audits, and litigation
• ✔️ Helps in compliance and documentation planning
• ✔️ Ideal for CA, CS, CMA students and professionals
• ✔️ Easy-to-understand and structured presentation