Court Upholds Adhoc Disallowance of Expenses; Assessee Fails to Prove Business Exclusivity or Error in Findings.

Adhoc disallowance of the expenditure - Whether expenses were wholly and exclusively incurred for the business of the appellant? - Assessee was unable to point out any perversity in the findings of fact, which has been recorded by the AO, CIT (Appeals) as well as the Tribunal. It is pertinent to mention her that even in the substantial questions of law no perversity has been averred. - HC .....

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