https://www.taxtmi.com/caselaws?id=440462 The judgment upheld the disallowance of consultancy charges as capital expenditure, citing legal precedents and the nature of the expenditure. It confirmed the disallowance of interest related to capital work in progress due to lack of substantiating evidence. The disallowance of traveling expenses was partially upheld, with non-business-related expenses being excluded after verification. The appellant's appeals on all grounds were dismissed, affirming the disallowances made by the Assessing Officer and the First Appellate Authority. en-us Fri, 09 Jun 2023 00:00:00 +0530 Wed, 19 Jul 2023 09:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440462 The judgment upheld the disallowance of consultancy charges as capital expenditure, citing legal precedents and the nature of the expenditure. It confirmed the disallowance of interest related to capital work in progress due to lack of substantiating evidence. The disallowance of traveling expenses was partially upheld, with non-business-related expenses being excluded after verification. The appellant's appeals on all grounds were dismissed, affirming the disallowances made by the Assessing Officer and the First Appellate Authority. Case-Laws Income Tax Fri, 09 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440462