https://www.taxtmi.com/caselaws?id=68151 The Tribunal dismissed the Department's appeal, upholding the assessee's contentions on trading addition, repair and maintenance expenses. The Department's estimation lacked basis, leading to the deletion of trading addition. The repair and maintenance expenses were deemed necessary for asset restoration and allowable as revenue expenses. The assessee's appeal on travelling expenses was rejected due to insufficient details, while the disallowance under section 43B was directed to be allowed after verification. The decision resulted in the dismissal of the Department's appeal and partial allowance of the assessee's appeal. en-us Thu, 29 Dec 1994 00:00:00 +0530 Thu, 17 Mar 2011 13:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68151 The Tribunal dismissed the Department's appeal, upholding the assessee's contentions on trading addition, repair and maintenance expenses. The Department's estimation lacked basis, leading to the deletion of trading addition. The repair and maintenance expenses were deemed necessary for asset restoration and allowable as revenue expenses. The assessee's appeal on travelling expenses was rejected due to insufficient details, while the disallowance under section 43B was directed to be allowed after verification. The decision resulted in the dismissal of the Department's appeal and partial allowance of the assessee's appeal. Case-Laws Income Tax Thu, 29 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68151