https://www.taxtmi.com/caselaws?id=354923 The appeal was dismissed in its entirety. The tribunal upheld the CIT-(A)'s decisions on disallowing both the amounts of Rs. 5,60,835/- and Rs. 67,62,806/- from Legal and Professional Expenses. The tribunal found the disallowances to be capital in nature and not allowable as business expenses. The decision was based on the lack of evidence regarding the business purpose of the expenses and was supported by relevant judicial precedents. en-us Wed, 31 Jan 2018 00:00:00 +0530 Wed, 07 Feb 2018 08:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354923 The appeal was dismissed in its entirety. The tribunal upheld the CIT-(A)'s decisions on disallowing both the amounts of Rs. 5,60,835/- and Rs. 67,62,806/- from Legal and Professional Expenses. The tribunal found the disallowances to be capital in nature and not allowable as business expenses. The decision was based on the lack of evidence regarding the business purpose of the expenses and was supported by relevant judicial precedents. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354923