https://www.taxtmi.com/caselaws?id=235987 The Tribunal allowed the assessee's appeal, directing the deletion of disallowed personal and administration expenses. Legitimate business expenditures should not be disallowed based on assumptions, and any recovery of expenditure from clients should be offered for tax. The judgment did not elaborate on the disallowed set off of unabsorbed depreciation and business loss, and ground number 3 was dismissed as not pressed by the appellant. en-us Fri, 02 Aug 2013 00:00:00 +0530 Sat, 10 Aug 2013 08:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235987 The Tribunal allowed the assessee's appeal, directing the deletion of disallowed personal and administration expenses. Legitimate business expenditures should not be disallowed based on assumptions, and any recovery of expenditure from clients should be offered for tax. The judgment did not elaborate on the disallowed set off of unabsorbed depreciation and business loss, and ground number 3 was dismissed as not pressed by the appellant. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235987