Disallowance of legal expenses - The fact remains undisputed ...

Legal Expenses Disallowed for Lack of Business Activities; No Business Income Reported by Assessee This Year.

February 17, 2022

Case Laws Income Tax AT

Disallowance of legal expenses - The fact remains undisputed before us that the assessee has not done any business activities during the year and that there is no business income shown also by the assessee. Therefore, the legal expenses claimed cannot be wholly and exclusively for the purposes of business of the assessee. In such a scenario, the decision of the subordinate authorities is held to be correct. - AT

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Disallowance of legal expenses - The fact remains undisputed ...

Legal Expenses Disallowed for Lack of Business Activities; No Business Income Reported by Assessee This Year.

February 17, 2022

Case Laws Income Tax AT

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