Appellant's Rent Claim Denied as Revenue Expenditure u/s 37 Due to Insufficient Business Purpose Documentation.

Disallowance of rent - allowable revenue expenditure u/s 37 or not? - In this case the appellant has not filed any documents to establish that the expenditure was incurred wholly and exclusively for the purpose of business of the expenditure. The burden of proof is on appellant. Appellant failed to discharge the same. - AT .....

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