https://www.taxtmi.com/caselaws?id=417178 The Tribunal ruled in favor of the assessee, overturning the adhoc disallowance of expenses towards travelling, conveyance, and miscellaneous expenses. The Tribunal found that the expenses were incurred for specific business purposes and supported by evidence, justifying the claimed amount. It was noted that the expenses were reasonable and connected to the company's operations. The Tribunal emphasized the importance of substantiating expenses with evidence for specific business purposes, ultimately allowing the appeal and rejecting the adhoc disallowance made by the Assessing Officer and the CIT (Appeals). en-us Thu, 06 Jan 2022 00:00:00 +0530 Mon, 17 Jan 2022 08:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417178 The Tribunal ruled in favor of the assessee, overturning the adhoc disallowance of expenses towards travelling, conveyance, and miscellaneous expenses. The Tribunal found that the expenses were incurred for specific business purposes and supported by evidence, justifying the claimed amount. It was noted that the expenses were reasonable and connected to the company's operations. The Tribunal emphasized the importance of substantiating expenses with evidence for specific business purposes, ultimately allowing the appeal and rejecting the adhoc disallowance made by the Assessing Officer and the CIT (Appeals). Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417178