Expense cannot be disallowed for mere Non-debiting in books of account

Advocate Akhilesh Kumar Sah Ernst & Young Ltd vs. ACIT (ITAT Delhi) Non-debiting of the expenditure in the books of account is not relevant for allowability of the same as long as the expenditure is really incurred and is deductible as per law. The Ernst & Young Ltd. vs. ACIT (International Taxation) [ITA Nos. 6561 & 6562/Del/2016, A.Y.s: 2012-13 & 2013-14, decided on 31.05.2018] case is of enormous use and has well elucidated the claim of expenditure as deduction where the same has not been debited in the books of accounts but the same has been claimed in computation of i...