Deduction on Physical Fitness Expense not Allowable in Absence of Evidence to Prove the Expenses were for Professional Purposes: ITAT upholds Disallowance [Read Order]
The ITAT bench observed that tough physical fitness was a part and parcel of the assessee’s profession it cannot be held to be incurred wholly and exclusively for the profession of the assessee.
The Hyderabad bench of the Income Tax Appellate Tribunal( ITAT ) has held that deduction on physical fitness expenses is not allowable in the absence of evidence to prove the expenses were for professional purposes. Mr D. Venkatesh, the appellant challenged the order of the Commissioner of Income Tax Appeals in upholding the order of…
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