https://www.taxtmi.com/caselaws?id=451103 ITAT Jodhpur allowed the assessee's appeal regarding form fees for wine shop license applications. The assessee paid Rs. 15,000 each for 20 applications through banking channels to increase probability of license allotment via lottery system. Revenue authorities disallowed the expenditure under section 37(1). ITAT held that since the assessee obtained the license, payments were genuine business expenditure supported by bank statements and affidavit. The tribunal directed deletion of the addition, ruling the expenditure was allowable under section 37(1) as legitimate business expense for license procurement. en-us Mon, 18 Mar 2024 00:00:00 +0530 Tue, 19 Mar 2024 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451103 ITAT Jodhpur allowed the assessee's appeal regarding form fees for wine shop license applications. The assessee paid Rs. 15,000 each for 20 applications through banking channels to increase probability of license allotment via lottery system. Revenue authorities disallowed the expenditure under section 37(1). ITAT held that since the assessee obtained the license, payments were genuine business expenditure supported by bank statements and affidavit. The tribunal directed deletion of the addition, ruling the expenditure was allowable under section 37(1) as legitimate business expense for license procurement. Case-Laws Income Tax Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451103