https://www.taxtmi.com/caselaws?id=34912 The High Court upheld the Tribunal's decision to disallow business expenses claimed for consultancy services, emphasizing the lack of evidence of services rendered and the failure to prove the expenses were wholly and exclusively for business purposes. The Court dismissed the appeals, agreeing with the Tribunal's analysis that the consultancy charges were not akin to rent and that without services provided, the expenditure could not be justified as a legitimate business expense. en-us Thu, 15 Oct 2009 00:00:00 +0530 Wed, 10 Mar 2010 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34912 The High Court upheld the Tribunal's decision to disallow business expenses claimed for consultancy services, emphasizing the lack of evidence of services rendered and the failure to prove the expenses were wholly and exclusively for business purposes. The Court dismissed the appeals, agreeing with the Tribunal's analysis that the consultancy charges were not akin to rent and that without services provided, the expenditure could not be justified as a legitimate business expense. Case-Laws Income Tax Thu, 15 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34912