https://www.taxtmi.com/caselaws?id=440093 The ITAT Delhi dismissed the appeal, affirming the disallowance of expenses by the lower authorities. The judgment emphasized the necessity of a direct nexus between expenses incurred and income earned, citing relevant legal precedents. The decision was based on the provisions of Section 57(iii) of the Act, leading to the dismissal of the appellant's appeal. en-us Fri, 21 Apr 2023 00:00:00 +0530 Mon, 10 Jul 2023 07:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440093 The ITAT Delhi dismissed the appeal, affirming the disallowance of expenses by the lower authorities. The judgment emphasized the necessity of a direct nexus between expenses incurred and income earned, citing relevant legal precedents. The decision was based on the provisions of Section 57(iii) of the Act, leading to the dismissal of the appellant's appeal. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440093