https://www.taxtmi.com/caselaws?id=297609 The Tribunal upheld the disallowance of expenses amounting to Rs. 18,60,702 claimed under Section 57 of the Income Tax Act. The expenses were found not to be directly linked to earning taxable income under 'Income from Other Sources'. Additional evidence submitted by the assessee did not support the claim, and an alternative argument for deduction under Section 48 was also dismissed. As a result, the appeal by the assessee was rejected by the Tribunal. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 14 Sep 2021 08:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297609 The Tribunal upheld the disallowance of expenses amounting to Rs. 18,60,702 claimed under Section 57 of the Income Tax Act. The expenses were found not to be directly linked to earning taxable income under 'Income from Other Sources'. Additional evidence submitted by the assessee did not support the claim, and an alternative argument for deduction under Section 48 was also dismissed. As a result, the appeal by the assessee was rejected by the Tribunal. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297609