https://www.taxtmi.com/caselaws?id=439961 The ITAT upheld the CIT(A)'s decision to enhance the disallowance of Advertisement & Marketing Expenses and credit card expenses incurred during foreign visits. The ITAT found that the assessee failed to provide sufficient evidence to demonstrate that the expenses were solely for business purposes, leading to the disallowance of a significant portion of the expenses. The appeal was dismissed, affirming the disallowances made by the tax authorities due to the lack of substantiation for the business nature of the expenses. en-us Tue, 27 Jun 2023 00:00:00 +0530 Thu, 06 Jul 2023 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439961 The ITAT upheld the CIT(A)'s decision to enhance the disallowance of Advertisement & Marketing Expenses and credit card expenses incurred during foreign visits. The ITAT found that the assessee failed to provide sufficient evidence to demonstrate that the expenses were solely for business purposes, leading to the disallowance of a significant portion of the expenses. The appeal was dismissed, affirming the disallowances made by the tax authorities due to the lack of substantiation for the business nature of the expenses. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439961