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BUSINESS EXPENDITURE – ALLOWABILITY OF

Accommodation and travel : Where Assessing Officer disallowed 70 per cent of expenses incurred by assessee for arranging hotel accommodation and travel for its directors on ground that they were personal in nature and appellate authorities concluded that expenses incurred had a nexus with business interest of assessee and deleted disallowance, since revenue had not proposed any question of law which would suggest that finding returned by appellate authorities was perverse, no interference was called for with impugned order passed by Tribunal – Principal Commissioner of Income-tax v. Azure Retreat (P.) Ltd. – [2024] 158 taxmann.com 169 (Delhi)

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