https://www.taxtmi.com/caselaws?id=66802 The Tribunal ruled in favor of the appellant in an income tax case concerning disallowances under Rule 6B of the IT Rules for presentation articles and interest on funded interest. The disallowance under Rule 6B was deemed unjustified as the presentation articles were not for advertising purposes, resulting in the deletion of the disallowance. Regarding interest on funded interest, the Tribunal considered it a legitimate business expenditure and directed the AO to allow the interest claimed by the appellant, overturning the CIT(A)'s decision. The appeal was allowed on both issues in favor of the appellant. en-us Sun, 29 Nov 1998 00:00:00 +0530 Mon, 07 Mar 2011 14:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66802 The Tribunal ruled in favor of the appellant in an income tax case concerning disallowances under Rule 6B of the IT Rules for presentation articles and interest on funded interest. The disallowance under Rule 6B was deemed unjustified as the presentation articles were not for advertising purposes, resulting in the deletion of the disallowance. Regarding interest on funded interest, the Tribunal considered it a legitimate business expenditure and directed the AO to allow the interest claimed by the appellant, overturning the CIT(A)'s decision. The appeal was allowed on both issues in favor of the appellant. Case-Laws Income Tax Sun, 29 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66802