https://www.taxtmi.com/caselaws?id=414205 The Tribunal allowed the appeal of the assessee, overturning the disallowance of rental expenses amounting to Rs. 13,11,244. It was found that the expenses were legitimate and crystallized during the assessment year, supported by documents showing payment of rent and interest for the lease period. The Tribunal emphasized the importance of considering material facts and genuineness of expenses in allowing claims related to rental expenses under the mercantile system. en-us Wed, 27 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 15:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414205 The Tribunal allowed the appeal of the assessee, overturning the disallowance of rental expenses amounting to Rs. 13,11,244. It was found that the expenses were legitimate and crystallized during the assessment year, supported by documents showing payment of rent and interest for the lease period. The Tribunal emphasized the importance of considering material facts and genuineness of expenses in allowing claims related to rental expenses under the mercantile system. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414205