https://www.taxtmi.com/caselaws?id=352662 The High Court rejected a cross objection due to a significant delay. The assessing officer disallowed a business expense, questioning its genuineness. However, the CIT(A) and Tribunal supported the appellant, allowing the expense claim. Comparisons were made with decisions from other High Courts and the Supreme Court. The High Court emphasized that expenses for business purposes should be allowed under Section 37 of the Income Tax Act. The court ruled in favor of the appellant, setting aside the Tribunal's order and remitting the matter for fresh consideration, highlighting that medical ethics issues should be addressed by the Medical Council of India. en-us Tue, 18 Jul 2017 00:00:00 +0530 Tue, 19 Dec 2017 08:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352662 The High Court rejected a cross objection due to a significant delay. The assessing officer disallowed a business expense, questioning its genuineness. However, the CIT(A) and Tribunal supported the appellant, allowing the expense claim. Comparisons were made with decisions from other High Courts and the Supreme Court. The High Court emphasized that expenses for business purposes should be allowed under Section 37 of the Income Tax Act. The court ruled in favor of the appellant, setting aside the Tribunal's order and remitting the matter for fresh consideration, highlighting that medical ethics issues should be addressed by the Medical Council of India. Case-Laws Income Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352662