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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Adhoc disallowance of the expenditure - Whether expenses were ...

Case Laws     Income Tax

October 9, 2020

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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