https://www.taxtmi.com/caselaws?id=472562 Section 37(1) does not support an addition for alleged bogus expenditure unless the relevant amount was claimed as business expenditure. Where the amount was not claimed as an expense, no disallowance or matching addition arises. Taxing the same receipts again, after they have been offered to tax and assessed in recipients' hands, would create double taxation. On those stated facts, the addition for alleged bogus expenditure was unsustainable and remained deleted. en-us Thu, 12 Dec 2024 00:00:00 +0530 Thu, 15 Oct 2026 19:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472562 Section 37(1) does not support an addition for alleged bogus expenditure unless the relevant amount was claimed as business expenditure. Where the amount was not claimed as an expense, no disallowance or matching addition arises. Taxing the same receipts again, after they have been offered to tax and assessed in recipients' hands, would create double taxation. On those stated facts, the addition for alleged bogus expenditure was unsustainable and remained deleted. Case-Laws Income Tax Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472562