https://www.taxtmi.com/caselaws?id=420789 The tribunal dismissed the appeal, upholding the disallowance of Final Settlement Expenses and Car and Telephone Expenses. The disallowances were deemed justified due to the lack of substantiating evidence for the nature of the expenditures and the potential personal element in the expenses, resulting in a 20% disallowance for each category. The tribunal concurred with the lower authorities, leading to the dismissal of both grounds of appeal. en-us Wed, 06 Apr 2022 00:00:00 +0530 Sat, 09 Apr 2022 07:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420789 The tribunal dismissed the appeal, upholding the disallowance of Final Settlement Expenses and Car and Telephone Expenses. The disallowances were deemed justified due to the lack of substantiating evidence for the nature of the expenditures and the potential personal element in the expenses, resulting in a 20% disallowance for each category. The tribunal concurred with the lower authorities, leading to the dismissal of both grounds of appeal. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420789