https://www.taxtmi.com/caselaws?id=417017 The Tribunal allowed the appeal, overturning the disallowance of Rs. 34,44,207 in expenses claimed by the assessee. It held that the expenses were genuine and necessary for statutory compliance, even if the company had no business activity. The Tribunal emphasized the need to maintain the company's establishment. The decision highlighted the inconsistency in the treatment of similar expenses in preceding and subsequent years and referenced legal precedents supporting the allowance of such expenses. The Tribunal directed the Assessing Officer to delete the addition, ruling in favor of the assessee. en-us Thu, 06 Jan 2022 00:00:00 +0530 Thu, 13 Jan 2022 09:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417017 The Tribunal allowed the appeal, overturning the disallowance of Rs. 34,44,207 in expenses claimed by the assessee. It held that the expenses were genuine and necessary for statutory compliance, even if the company had no business activity. The Tribunal emphasized the need to maintain the company's establishment. The decision highlighted the inconsistency in the treatment of similar expenses in preceding and subsequent years and referenced legal precedents supporting the allowance of such expenses. The Tribunal directed the Assessing Officer to delete the addition, ruling in favor of the assessee. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417017