https://www.taxtmi.com/caselaws?id=372444 Business-expenditure deduction under section 37(1) requires proof that expenditure was incurred wholly and exclusively for business and was not prohibited by law. Conference expenses for watches, merchandise, dinner and video coverage were unsupported by adequate evidence of business distribution or purpose, while sponsorship by advocates was treated as prohibited advertising and therefore disallowed. Travel expenses involving family members, extended stays, social events, cancellations and unsupported conference claims lacked a proven business nexus and were treated as personal. The disallowances and related enhancement were sustained, and the appeal failed entirely. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 22 Dec 2018 08:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372444 Business-expenditure deduction under section 37(1) requires proof that expenditure was incurred wholly and exclusively for business and was not prohibited by law. Conference expenses for watches, merchandise, dinner and video coverage were unsupported by adequate evidence of business distribution or purpose, while sponsorship by advocates was treated as prohibited advertising and therefore disallowed. Travel expenses involving family members, extended stays, social events, cancellations and unsupported conference claims lacked a proven business nexus and were treated as personal. The disallowances and related enhancement were sustained, and the appeal failed entirely. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372444