Expense cannot be disallowed merely for not having direct bearing on earning

Advocate Akhilesh Kumar Sah Loesche India Pvt. Ltd. Vs. Addl. CIT (ITAT Delhi) Loesche India case: it is not necessary that all the payments/expenditure incurred by the assessee should have direct bearing on earning of income, but some payments are also made under certain business expediency Recently, in Loesche India Pvt. Ltd. vs. Addl. CIT [ITA No. 295/Del/2016 AY: 2010-11, decided on 13.08.2018], appeal was filed by the assessee against the order of the CIT(A)-V, Delhi dated 27.11.2015 for the AY 2010-11 in which one of the ground raised was that the CIT (A) has erred on facts and in law i...