https://www.taxtmi.com/caselaws?id=456785 The ITAT Delhi allowed the assessee's appeal against disallowance of expenses under sections 37/38. The AO had disallowed 1/5th of all expenses excluding foreign travel, treating them as personal expenses. The tribunal held that the assessee, being a professional script writer, required the London trip for research on a script about a London couple's life, making it a legitimate business expenditure. The tribunal found other disallowed expenses were also professional in nature, noting the AO failed to identify specific personal expenses and made additions on estimate basis without justification. The disallowance was deemed legally unsustainable. en-us Wed, 03 Jan 2018 00:00:00 +0530 Wed, 14 Aug 2024 21:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456785 The ITAT Delhi allowed the assessee's appeal against disallowance of expenses under sections 37/38. The AO had disallowed 1/5th of all expenses excluding foreign travel, treating them as personal expenses. The tribunal held that the assessee, being a professional script writer, required the London trip for research on a script about a London couple's life, making it a legitimate business expenditure. The tribunal found other disallowed expenses were also professional in nature, noting the AO failed to identify specific personal expenses and made additions on estimate basis without justification. The disallowance was deemed legally unsustainable. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456785