https://www.taxtmi.com/caselaws?id=409466 The High Court upheld the disallowance of credit card expenses, business development expenses, foreign travel expenses, and traveling expenses made by the lower authorities due to lack of evidence supporting business purposes. The court dismissed the appeal, finding no merit and affirming the decisions of the lower authorities. The disallowance under Section 40(a)(ii) of the Act was remitted back to the Assessing Officer for further examination, while the appeal was ultimately dismissed, with substantial questions of law answered against the assessee. en-us Wed, 30 Jun 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409466 The High Court upheld the disallowance of credit card expenses, business development expenses, foreign travel expenses, and traveling expenses made by the lower authorities due to lack of evidence supporting business purposes. The court dismissed the appeal, finding no merit and affirming the decisions of the lower authorities. The disallowance under Section 40(a)(ii) of the Act was remitted back to the Assessing Officer for further examination, while the appeal was ultimately dismissed, with substantial questions of law answered against the assessee. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409466