https://www.taxtmi.com/caselaws?id=336900 The tribunal allowed the appeal, overturning the disallowance of hotel expenses by lower authorities. The expenses for boarding and lodging of a non-resident strategic investor were found to be commercially justified and mutually agreed upon, supported by a board resolution. The tribunal emphasized that expenses incurred for business purposes should be allowed if there is a reasonable nexus to the business and commercial expediency, regardless of necessity. Therefore, the disallowance of hotel expenses was deemed unjustified, as they were incurred in the interest of the business and for commercial expediency. en-us Tue, 06 Dec 2016 00:00:00 +0530 Fri, 30 Dec 2016 17:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336900 The tribunal allowed the appeal, overturning the disallowance of hotel expenses by lower authorities. The expenses for boarding and lodging of a non-resident strategic investor were found to be commercially justified and mutually agreed upon, supported by a board resolution. The tribunal emphasized that expenses incurred for business purposes should be allowed if there is a reasonable nexus to the business and commercial expediency, regardless of necessity. Therefore, the disallowance of hotel expenses was deemed unjustified, as they were incurred in the interest of the business and for commercial expediency. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336900