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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Disallowance of expenses when the business was not fully ...

Case Laws     Income Tax

January 18, 2018

Disallowance of expenses when the business was not fully functional - - Nowhere in the order of the AO there is a whisper as to how the expenditure is excessive and how the expenditure is not having been incurred for the purpose of business u/s 37(1) or there is a personal expenditure - AO cannot disallow expenditure on estimate basis - AT

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