High Court Confirms Rent Disallowance, Focuses on Genuineness of Expenditure Over Prudence in Business Conduct Evaluation.

Disallowance of rent - Tribunal viewed the entire expenditure not from the angle of prudence but from the question of genuineness thereof. It is true that such genuineness was examined on the basis of normal conduct of a business man - disallowance confirmed - HC .....

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