ITAT disallows expense claim u/s 37(1), emphasizing factual findings aren't perverse if alternatives exist.

ITAT disallows expense claim u/s 37(1), emphasizing factual findings aren't perverse if alternatives exist. https://www.taxtmi.com/highlights?id=40860 Genuineness of the expenditure claimed u/s 37(1) - ITAT disallowed the claim of expenses - A finding of a Tribunal on fact does not become perverse merely because another finding or conclusion was possible. en-us Tue, 14 Aug 2018 13:47:20 +0530 Tue, 14 Aug 2018 13:47:20 +0530 TaxTMI RSS Generator ITAT disallows expense claim u/s 37(1), emphasizing factual findings aren't perverse if alternatives exist. https://www.taxtmi.com/highlights?id=40860 Genuineness of the expenditure claimed u/s 37(1) - ITAT disallowed the claim of expenses - A finding of a Tribunal on fact does not become perverse merely because another finding or conclusion was possible. Highlights Income Tax Tue, 14 Aug 2018 13:47:20 +0530 https://www.taxtmi.com/highlights?id=40860