https://www.taxtmi.com/caselaws?id=359014 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 14,49,33,613 on account of "Excessive Business Expenditure Claimed" as a legitimate business loss. The Tribunal found that the assessee had provided sufficient evidence to support the claim, and the loss was deemed incidental to the business operations. The appeal by the Revenue was dismissed, affirming the deletion of the addition. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 23 Apr 2018 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359014 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 14,49,33,613 on account of "Excessive Business Expenditure Claimed" as a legitimate business loss. The Tribunal found that the assessee had provided sufficient evidence to support the claim, and the loss was deemed incidental to the business operations. The appeal by the Revenue was dismissed, affirming the deletion of the addition. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359014