https://www.taxtmi.com/caselaws?id=431758 The ITAT Chennai upheld the disallowance of rent paid to M/s. DRS Industries Ltd. and advertisement expenses incurred by the appellant due to the absence of valid agreements for the transactions to materialize. The appellant's claims were dismissed as the agreements were not in their name, and the intended business transactions did not materialize. The disallowances were deemed justified, leading to the dismissal of the appeal on 07th December 2022 in Chennai. en-us Wed, 07 Dec 2022 00:00:00 +0530 Wed, 21 Dec 2022 09:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431758 The ITAT Chennai upheld the disallowance of rent paid to M/s. DRS Industries Ltd. and advertisement expenses incurred by the appellant due to the absence of valid agreements for the transactions to materialize. The appellant's claims were dismissed as the agreements were not in their name, and the intended business transactions did not materialize. The disallowances were deemed justified, leading to the dismissal of the appeal on 07th December 2022 in Chennai. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431758