https://www.taxtmi.com/caselaws?id=180768 The Tribunal dismissed the appeal by Revenue, upholding the deletion of the addition of expenses of personal nature for Assessment Year 2005-06. It was found that the Assessing Officer did not provide sufficient evidence to show that the expenses were not incurred wholly and exclusively for business purposes. The audited books of account also did not indicate personal expenses of directors. Therefore, the Tribunal agreed with the decision of the Ld. CIT(A) to delete the addition, emphasizing that expenses incurred by directors for business purposes should not be disallowed without proper justification. en-us Wed, 13 Apr 2011 00:00:00 +0530 Fri, 01 Apr 2016 12:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180768 The Tribunal dismissed the appeal by Revenue, upholding the deletion of the addition of expenses of personal nature for Assessment Year 2005-06. It was found that the Assessing Officer did not provide sufficient evidence to show that the expenses were not incurred wholly and exclusively for business purposes. The audited books of account also did not indicate personal expenses of directors. Therefore, the Tribunal agreed with the decision of the Ld. CIT(A) to delete the addition, emphasizing that expenses incurred by directors for business purposes should not be disallowed without proper justification. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180768