https://www.taxtmi.com/caselaws?id=67924 The Appellate Tribunal ruled in favor of the assessee in an income tax appeal. The Tribunal disagreed with the addition made on account of excessive breakage of bottles, citing that the cost of bottles should be part of the trading account. The disallowance of certain expenses, such as petrol, diesel, repairing account, Theka, Basa, and telephone expenses, was partially upheld based on past history. The Tribunal directed the Income Tax Officer to disallow interest only on the net debit balance of partners, leading to a partial allowance of the appeal. en-us Fri, 08 Aug 1986 00:00:00 +0530 Tue, 15 Mar 2011 17:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67924 The Appellate Tribunal ruled in favor of the assessee in an income tax appeal. The Tribunal disagreed with the addition made on account of excessive breakage of bottles, citing that the cost of bottles should be part of the trading account. The disallowance of certain expenses, such as petrol, diesel, repairing account, Theka, Basa, and telephone expenses, was partially upheld based on past history. The Tribunal directed the Income Tax Officer to disallow interest only on the net debit balance of partners, leading to a partial allowance of the appeal. Case-Laws Income Tax Fri, 08 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67924