https://www.taxtmi.com/caselaws?id=794245 Medical and incidental travel expenses reimbursed for a Chairman were treated as allowable business expenditure under section 37(1) where the Board had authorised reimbursement on actuals and the record supported commercial expediency. Rejection of the Sahibabad unit's books and profit estimation was held unsustainable because no specific defect, suppression of receipts, or inflation of expenses was shown; a unit's loss by itself was not enough. The assessee's stand that the Sahibabad and Jaipur units were functionally linked, together with contemporaneous material and past acceptance of the accounting method, supported acceptance of the books. The disallowance and the estimated addition were deleted. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794245 Medical and incidental travel expenses reimbursed for a Chairman were treated as allowable business expenditure under section 37(1) where the Board had authorised reimbursement on actuals and the record supported commercial expediency. Rejection of the Sahibabad unit's books and profit estimation was held unsustainable because no specific defect, suppression of receipts, or inflation of expenses was shown; a unit's loss by itself was not enough. The assessee's stand that the Sahibabad and Jaipur units were functionally linked, together with contemporaneous material and past acceptance of the accounting method, supported acceptance of the books. The disallowance and the estimated addition were deleted. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794245