https://www.taxtmi.com/caselaws?id=328405 The Court upheld the tribunal's decision to disallow Rs. 2,00,000 of repair expenditure claimed by a partnership firm for dredgers, citing lack of evidence for repairs and excessive costs. Emphasizing the tribunal's discretion and the importance of substantiating expenses, the Court rejected the applicant's arguments and affirmed the partial disallowance as reasonable. The judgment favored the revenue, highlighting the need for factual evidence to support expenditure claims under the Income Tax Act, 1961. en-us Mon, 25 Apr 2016 00:00:00 +0530 Thu, 17 Nov 2016 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328405 The Court upheld the tribunal's decision to disallow Rs. 2,00,000 of repair expenditure claimed by a partnership firm for dredgers, citing lack of evidence for repairs and excessive costs. Emphasizing the tribunal's discretion and the importance of substantiating expenses, the Court rejected the applicant's arguments and affirmed the partial disallowance as reasonable. The judgment favored the revenue, highlighting the need for factual evidence to support expenditure claims under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328405