https://www.taxtmi.com/caselaws?id=757525 ITAT Kolkata allowed the appeal and deleted disallowance under section 37(1) for business expenditure including testing, commissioning, security services, repairs, loading/unloading, labor charges, installation charges, and freight expenses. The assessee had deducted TDS and maintained detailed documentation for turnkey project expenses. The tribunal held that while unjustified expenditure can be disallowed, there are limits to documentation requirements for normal business operations. The assessee adequately demonstrated genuine business expenditure through meticulous record-keeping and TDS compliance, citing precedents that burden of proof has reasonable limits. en-us Wed, 31 Jul 2024 00:00:00 +0530 Wed, 28 Aug 2024 09:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757525 ITAT Kolkata allowed the appeal and deleted disallowance under section 37(1) for business expenditure including testing, commissioning, security services, repairs, loading/unloading, labor charges, installation charges, and freight expenses. The assessee had deducted TDS and maintained detailed documentation for turnkey project expenses. The tribunal held that while unjustified expenditure can be disallowed, there are limits to documentation requirements for normal business operations. The assessee adequately demonstrated genuine business expenditure through meticulous record-keeping and TDS compliance, citing precedents that burden of proof has reasonable limits. Case-Laws Income Tax Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757525