https://www.taxtmi.com/caselaws?id=395224 The Tribunal partially allowed the appeal, determining that only 19% of municipal taxes could be attributed to the licensed premises, resulting in a taxable income of Rs. 53.20 Lacs. The Tribunal considered additional evidence but dismissed the appellant's claim for business expenditure under Section 57(iii) as no business activity was conducted. While some expenses were allowed for maintaining corporate status, the Tribunal upheld the disallowance of expenses not directly related to business activities. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 12 May 2020 13:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395224 The Tribunal partially allowed the appeal, determining that only 19% of municipal taxes could be attributed to the licensed premises, resulting in a taxable income of Rs. 53.20 Lacs. The Tribunal considered additional evidence but dismissed the appellant's claim for business expenditure under Section 57(iii) as no business activity was conducted. While some expenses were allowed for maintaining corporate status, the Tribunal upheld the disallowance of expenses not directly related to business activities. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395224