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2011 (12) TMI 116 - HC - Income TaxDis-allowance of expenses incurred claimed by assessee for the purposes of the hotel business – part of property under agreement with hotelier being used as a hotel for consideration – consideration treated as business income - Held that:- Agreement between the parties did not contain a stipulation for the incurring of the expenditure by the assesse, moreover no evidence/material were placed on record in form of any communication or confirmation by Hotelier that assessee had incurred expenditure, which was relevant for maintenance and running of the said hotel. Further no evidence are produced to show that assessee had incurred any expenses to earn and for purpose of business. -Decided against the assessee.
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