https://www.taxtmi.com/caselaws?id=402175 The ITAT partially allowed the appeal, directing the reassessment of disallowed expenses on legal fees and security charges by the AO. Emphasizing the need for the assessee to establish the business necessity and continuity of these expenses, the ITAT set aside these issues for further scrutiny. Other grounds of appeal were considered supportive, leading to a partial allowance of the appeal with specific instructions for reevaluation. en-us Fri, 27 Nov 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402175 The ITAT partially allowed the appeal, directing the reassessment of disallowed expenses on legal fees and security charges by the AO. Emphasizing the need for the assessee to establish the business necessity and continuity of these expenses, the ITAT set aside these issues for further scrutiny. Other grounds of appeal were considered supportive, leading to a partial allowance of the appeal with specific instructions for reevaluation. Case-Laws Income Tax Fri, 27 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402175