https://www.taxtmi.com/caselaws?id=14578 The court upheld the disallowance of Rs. 63,405 and Rs. 2,750 claimed as deductions by the assessee for the assessment year 1972-73. The Tribunal ruled that the expenses were not incidental to the business and arose from the assessee's wilful departure from ordinary business conduct, lacking dishonesty. The court emphasized the distinction between allowable deductions for breaches involving dishonesty and those without. Consequently, the disallowance of the deductions was affirmed in favor of the Revenue, highlighting the requirement for expenses to be genuinely incidental to the business to qualify for deduction in computing business profits. en-us Thu, 02 Nov 2000 00:00:00 +0530 Fri, 17 Jul 2009 12:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14578 The court upheld the disallowance of Rs. 63,405 and Rs. 2,750 claimed as deductions by the assessee for the assessment year 1972-73. The Tribunal ruled that the expenses were not incidental to the business and arose from the assessee's wilful departure from ordinary business conduct, lacking dishonesty. The court emphasized the distinction between allowable deductions for breaches involving dishonesty and those without. Consequently, the disallowance of the deductions was affirmed in favor of the Revenue, highlighting the requirement for expenses to be genuinely incidental to the business to qualify for deduction in computing business profits. Case-Laws Income Tax Thu, 02 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14578