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Income Tax - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Disallowance of rent - allowable revenue expenditure u/s 37 or ...


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

February 15, 2022

Case Laws     Income Tax     AT

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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