https://www.taxtmi.com/caselaws?id=354635 The Court upheld the decision of the Tribunal, dismissing the appeal against the disallowance of lease rent paid by the assessee. The disallowance was deemed unwarranted as the lease was found to serve a genuine business purpose, supported by legitimate payments made through cheques with TDS deduction. The Court emphasized the business expediency of the lease expenditure, acknowledging the challenges faced in business operations and clarifying that such difficulties do not negate the necessity of expenses incurred for legitimate business purposes. Ultimately, the appeal was dismissed based on factual and logical considerations. en-us Thu, 18 Jan 2018 00:00:00 +0530 Thu, 01 Feb 2018 06:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354635 The Court upheld the decision of the Tribunal, dismissing the appeal against the disallowance of lease rent paid by the assessee. The disallowance was deemed unwarranted as the lease was found to serve a genuine business purpose, supported by legitimate payments made through cheques with TDS deduction. The Court emphasized the business expediency of the lease expenditure, acknowledging the challenges faced in business operations and clarifying that such difficulties do not negate the necessity of expenses incurred for legitimate business purposes. Ultimately, the appeal was dismissed based on factual and logical considerations. Case-Laws Income Tax Thu, 18 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354635