https://www.taxtmi.com/caselaws?id=211559 The High Court upheld the Tribunal's decision on both issues, disallowing entertainment expenses and balances without confirmation/details. The Tribunal found the expenses genuine and allowable under section 37 of the Income Tax Act, limiting the disallowance to 1/3 of the total. Regarding balances, the Tribunal agreed with the Commissioner (Appeals) that the assessee had proven the identities of parties and provided necessary documents, dismissing the Assessing Officer's additions based on suspicion. The Court found no legal infirmity in the Tribunal's order, dismissing the appeal for lack of substantial legal questions. en-us Mon, 10 Jan 2011 00:00:00 +0530 Fri, 16 Mar 2012 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211559 The High Court upheld the Tribunal's decision on both issues, disallowing entertainment expenses and balances without confirmation/details. The Tribunal found the expenses genuine and allowable under section 37 of the Income Tax Act, limiting the disallowance to 1/3 of the total. Regarding balances, the Tribunal agreed with the Commissioner (Appeals) that the assessee had proven the identities of parties and provided necessary documents, dismissing the Assessing Officer's additions based on suspicion. The Court found no legal infirmity in the Tribunal's order, dismissing the appeal for lack of substantial legal questions. Case-Laws Income Tax Mon, 10 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211559