Tax Authority Upholds Disallowance of Chartered Flight Expenses Due to Lack of Business Purpose Justification by Assessee.

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....Disallowance of hire charges for hiring chartered flight - assessee failed to prove that the expenditure was wholly and exclusively laid out for the purpose of business. Apart from the above, the chartered flight was engaged from Kolkata to Hyderabad and Hyderabad to Delhi and the assessee failed to furnish the reasons for making visit to Delhi. - Additions confirmed.....