https://www.taxtmi.com/caselaws?id=63487 The appeal was partly allowed. The disallowance of commission/service charges was upheld, with directions for further examination. Rent expenditure was allowed. Expenditure on repairs was initially disallowed but later treated as revenue expenditure by the Third Member. Disallowances of legal and miscellaneous expenses were deleted. Charging of interest under section 215 was upheld, and the additional ground for deduction of interest was not entertained. en-us Fri, 22 Jun 1990 00:00:00 +0530 Mon, 31 Jan 2011 12:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63487 The appeal was partly allowed. The disallowance of commission/service charges was upheld, with directions for further examination. Rent expenditure was allowed. Expenditure on repairs was initially disallowed but later treated as revenue expenditure by the Third Member. Disallowances of legal and miscellaneous expenses were deleted. Charging of interest under section 215 was upheld, and the additional ground for deduction of interest was not entertained. Case-Laws Income Tax Fri, 22 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63487