“wholly and exclusively for business”

REGUS SOUTH MUMBAI BUSINESS CENTRE PVT. LTD.,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX - 14(1)(2), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Pawan Singh & Shri Makarand Vasant Mahadeokarregus South Mumbai Dcit - 14(1)(2), Business Centre Mumbai Private Limited, Vs. Aayakar Bhavan, M. Level 4, Dynasty K. Road, New Marine Business Park, Andheri Lines. Mumbai- Kurla Road, J. B. Nagar 400 020 S.O, Mumbai – 400 059 Pan/Gir No. Aadcr6068H (Applicant) (Respondent) Assessee By Shri Ketan Ved, Ld. Ar Revenue By Smt. Usha Gaikwad, Ld. Dr Date Of Hearing 16.03.2026 Date Of Pronouncement 26.03.2026

detailed justification of services rendered by the group entity and the basis of cost allocation charged to the Appellant, which were incurred wholly and exclusively for business purposes. 2.3. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) / Ld. AO erred

BOMBAY MINERALS LIMITED,KHAMBHALIA vs. DCIT, CENTRAL CIRCLE 3(3), MUMBAI

In the result, appeal of the Revenue

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

represents an "outgo" incurred wholly and exclusively for Crores represents an "outgo" incurred wholly and exclusively for Crores represents an "outgo" incurred wholly and exclusively for business purposes. Although the Ld. CIT(A) mistakenly cited s purposes. Although the Ld. CIT(A) mistakenly cited s purposes. Although

DY. COMMISSIONER OF INCOME TAX, CENTRAL CICLE-3(3), MUMBAI, MUMBAI vs. BOMBAY MINERALS LIMITED, GUJARAT

In the result, appeal of the Revenue

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal ()

represents an "outgo" incurred wholly and exclusively for Crores represents an "outgo" incurred wholly and exclusively for Crores represents an "outgo" incurred wholly and exclusively for business purposes. Although the Ld. CIT(A) mistakenly cited s purposes. Although the Ld. CIT(A) mistakenly cited s purposes. Although

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

ACIT, CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

OVERSEAS INFRASTRUCTURE ALLIANCE(INDIA) PRIVATE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -6 , MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMTIED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6(2), MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

ACIT CC 6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

ACIT, CC-6(2), MUMBAI, MUMBAI vs. OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED, MUMBAI

In the result, appeal by the assessee is allowed

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

business. The said expenses mainly consisted of salary to its employees, professional fees and certain other expenses. These transactions were incurred wholly and exclusively for business purpose. Ld. Assessing Officer treated such transactions as non-genuine and disallowed the expenses u/s 37(1) of the Act. During the assessment proceedings

AGNELO GUSTAVO EUGENIO RODRIGUES,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CIRCLE 24 1 MUMBAI , MUMBAI

In the result, the appeal of the assessee is partly allowed

ranging between 10% to 20% without any proper reasons.\n5. The Ld. CIT(A) failed to appreciate that the expenditure incurred were wholly and exclusively for business purpose and supported by necessary voucher/ bills, therefore the disallowance is unjustified.\nAssessment time barred:\n6. The Assessment Order is undated and therefore ... office, and the absence of a log book for motor car expenses. It is a well-established principle that while expenses incurred wholly and exclusively for business purposes are allowable, the burden to substantiate these expenses rests with the assessee. Where proper vouchers, log books, or verifiable details