https://www.taxtmi.com/caselaws?id=360231 The Tribunal upheld the disallowance of expenses claimed under Section 57 of the Income Tax Act, 1961, as the appellant failed to establish a direct linkage between the expenses and the earning of income from other sources. The alternative claim for considering the expenses as cost of acquisition or improvement under Section 48 was also rejected since the expenses did not meet the criteria outlined in the section. The appeal was dismissed, affirming the disallowance of expenses under Section 57 and rejecting the alternative claim under Section 48. en-us Fri, 20 Apr 2018 00:00:00 +0530 Sat, 12 May 2018 08:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360231 The Tribunal upheld the disallowance of expenses claimed under Section 57 of the Income Tax Act, 1961, as the appellant failed to establish a direct linkage between the expenses and the earning of income from other sources. The alternative claim for considering the expenses as cost of acquisition or improvement under Section 48 was also rejected since the expenses did not meet the criteria outlined in the section. The appeal was dismissed, affirming the disallowance of expenses under Section 57 and rejecting the alternative claim under Section 48. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360231