https://www.taxtmi.com/caselaws?id=67178 The Tribunal upheld disallowance of Rs. 22.18 lakhs as revenue expenditure under s. 35D of the IT Act. Interest disallowance of Rs. 16,82,707 was upheld, but Rs. 18,64,555 was allowed as business expenditure. Expenditure on Bombay office renovation was allowed, while donations to Sadhus were disallowed. Business loss disallowance was upheld. Rs. 1,95,000 earlier year expenses were disallowed. Rs. 4,19,064 provision for liabilities was upheld, except for Rs. 45,000 advocate fees. Deduction u/s 80-I of Rs. 53,22,801 was allowed. Carry forward of deduction u/s 80-I was not adjudicated. en-us Thu, 07 Mar 2002 00:00:00 +0530 Wed, 09 Mar 2011 13:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67178 The Tribunal upheld disallowance of Rs. 22.18 lakhs as revenue expenditure under s. 35D of the IT Act. Interest disallowance of Rs. 16,82,707 was upheld, but Rs. 18,64,555 was allowed as business expenditure. Expenditure on Bombay office renovation was allowed, while donations to Sadhus were disallowed. Business loss disallowance was upheld. Rs. 1,95,000 earlier year expenses were disallowed. Rs. 4,19,064 provision for liabilities was upheld, except for Rs. 45,000 advocate fees. Deduction u/s 80-I of Rs. 53,22,801 was allowed. Carry forward of deduction u/s 80-I was not adjudicated. Case-Laws Income Tax Thu, 07 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67178