Disallowance on account increase in expenditure as excessive ...

Income Tax

July 28, 2023

Disallowance on account increase in expenditure as excessive payments - Ultimately it is a business decision and does not call for the AO to sit in judgment over this. The increase in expenditure is apparently due to increase in chambers taken on rent. The need for more storage space in Mumbai is also justified with the increase in processing at Mumbai - Thus the genuineness of the extra expenditure is for the purposes of business hence the addition is deleted - AT

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Disallowance on account increase in expenditure as excessive ...

Income Tax

July 28, 2023

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