https://www.taxtmi.com/caselaws?id=376530 The tribunal upheld the decision to disallow entertainment expenses claimed as business expenses under Section 37(1) of the Income Tax Act. The assessee failed to prove that the expenses were solely for business purposes, as they could not demonstrate a clear business nexus for the gifts given. Additionally, the argument for consistency in treatment of similar expenses in previous years was rejected, as each year's facts were considered individually. The appeal was dismissed due to insufficient evidence supporting the claim of business promotion through the incurred expenses. en-us Mon, 23 Jul 2018 00:00:00 +0530 Tue, 12 Mar 2019 08:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376530 The tribunal upheld the decision to disallow entertainment expenses claimed as business expenses under Section 37(1) of the Income Tax Act. The assessee failed to prove that the expenses were solely for business purposes, as they could not demonstrate a clear business nexus for the gifts given. Additionally, the argument for consistency in treatment of similar expenses in previous years was rejected, as each year's facts were considered individually. The appeal was dismissed due to insufficient evidence supporting the claim of business promotion through the incurred expenses. Case-Laws Income Tax Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376530