https://www.taxtmi.com/caselaws?id=63407 The Tribunal upheld the Commissioner (A)'s decisions on various expense claims, bad debts, conversion of damaged newsprint, sale of waste, repairs to premises, and purchase of newsprint. Disallowances under certain sections were deleted, including driver benefits, depreciation, and certain expenses. The charge of interest under section 216 was also deleted. The Tribunal disagreed with the disallowance of commission/trade discount, stating it was a legitimate business expense. Overall, the Tribunal largely supported the assessee's claims, emphasizing lack of evidence and reliance on surmises by the Income-tax Officer. en-us Fri, 03 Nov 1989 00:00:00 +0530 Sat, 29 Jan 2011 17:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63407 The Tribunal upheld the Commissioner (A)'s decisions on various expense claims, bad debts, conversion of damaged newsprint, sale of waste, repairs to premises, and purchase of newsprint. Disallowances under certain sections were deleted, including driver benefits, depreciation, and certain expenses. The charge of interest under section 216 was also deleted. The Tribunal disagreed with the disallowance of commission/trade discount, stating it was a legitimate business expense. Overall, the Tribunal largely supported the assessee's claims, emphasizing lack of evidence and reliance on surmises by the Income-tax Officer. Case-Laws Income Tax Fri, 03 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63407