https://www.taxtmi.com/caselaws?id=264074 The Tribunal dismissed the appeal, affirming the disallowance of expenses related to the fabric unit for the assessment year 2010-11. The CIT (A) upheld the disallowance, considering the expenses as capital expenditure for starting a new business line, not falling under Section 37 of the Income Tax Act. Despite citing various judicial decisions, the appellant failed to adequately document the nature of expenses in the ledger accounts provided, leading to the dismissal of the appeal. en-us Thu, 20 Aug 2015 00:00:00 +0530 Thu, 17 Sep 2015 08:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264074 The Tribunal dismissed the appeal, affirming the disallowance of expenses related to the fabric unit for the assessment year 2010-11. The CIT (A) upheld the disallowance, considering the expenses as capital expenditure for starting a new business line, not falling under Section 37 of the Income Tax Act. Despite citing various judicial decisions, the appellant failed to adequately document the nature of expenses in the ledger accounts provided, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264074