https://www.taxtmi.com/caselaws?id=244518 An ad hoc disallowance of alleged inflated business expenditure was held unsustainable where the accounts were not rejected, no specific defects were identified, and there was no finding that the expenditure was not wholly and exclusively for business. The tribunal also held that a challenge to the genuineness of payments to a foreign service provider could not be entertained where that issue did not arise from the operative appellate order and no material showed the payments were bogus. The assessee's substantive relief was therefore upheld, while the Revenue's challenge failed. en-us Wed, 19 Feb 2014 00:00:00 +0530 Fri, 28 Feb 2014 07:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244518 An ad hoc disallowance of alleged inflated business expenditure was held unsustainable where the accounts were not rejected, no specific defects were identified, and there was no finding that the expenditure was not wholly and exclusively for business. The tribunal also held that a challenge to the genuineness of payments to a foreign service provider could not be entertained where that issue did not arise from the operative appellate order and no material showed the payments were bogus. The assessee's substantive relief was therefore upheld, while the Revenue's challenge failed. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244518