https://www.taxtmi.com/caselaws?id=755791 ITAT Hyderabad dismissed the assessee's appeal regarding business expenditure claims. The tribunal upheld lower authorities' decision to restrict foreign travel expenses to 50% due to insufficient evidence showing professional correlation. Physical fitness expenses were partially disallowed as they couldn't be deemed wholly exclusive to profession. The tribunal confirmed 20% disallowance of mixed professional-personal expenses, 10% disallowance of security charges, and 50% disallowance of swimming pool charges due to personal elements. Section 14A disallowance relating to exempt income was also upheld as reasonable. en-us Wed, 08 Nov 2023 00:00:00 +0530 Fri, 19 Jul 2024 07:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755791 ITAT Hyderabad dismissed the assessee's appeal regarding business expenditure claims. The tribunal upheld lower authorities' decision to restrict foreign travel expenses to 50% due to insufficient evidence showing professional correlation. Physical fitness expenses were partially disallowed as they couldn't be deemed wholly exclusive to profession. The tribunal confirmed 20% disallowance of mixed professional-personal expenses, 10% disallowance of security charges, and 50% disallowance of swimming pool charges due to personal elements. Section 14A disallowance relating to exempt income was also upheld as reasonable. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755791