AdvertisementD.B. Engineering Pvt. Ltd. Vs ACIT (ITAT Delhi) Delhi ITAT: Enhanced Security Expenses During Directors’ Dispute Are Allowable Business Expenditure The Delhi ITAT deleted the disallowance of ₹41.91 lakh towards watch and ward expenses, holding that additional security expenses incurred due to disputes among directors and the resulting threat perception constitute allowable business expenditure under section 37(1) and cannot be treated as personal expenses merely because they also benefit the directors. The Assessing Officer had disallowed the increased security expenditure by observing...