https://www.taxtmi.com/caselaws?id=65161 The Appellate Tribunal ruled in favor of the assessee, overturning all disallowances made by lower authorities regarding general expenses, miscellaneous expenses, guide expenses, white-washing, and painting expenses. The Tribunal emphasized the necessity of disallowances being supported by specific reasons and evidence, distinguishing between capital and revenue expenditures in determining the allowability of expenses related to the commercial activity of the assessee. en-us Fri, 27 Feb 1987 00:00:00 +0530 Mon, 14 Feb 2011 10:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65161 The Appellate Tribunal ruled in favor of the assessee, overturning all disallowances made by lower authorities regarding general expenses, miscellaneous expenses, guide expenses, white-washing, and painting expenses. The Tribunal emphasized the necessity of disallowances being supported by specific reasons and evidence, distinguishing between capital and revenue expenditures in determining the allowability of expenses related to the commercial activity of the assessee. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65161