https://www.taxtmi.com/caselaws?id=68343 The Tribunal partly allowed the Revenue's appeal, upholding some disallowances while overturning others. The disallowance of interest expenditure on a residential plot was deleted due to lack of nexus with borrowed funds. Expenses for a new car purchase were partially disallowed for maintenance and depreciation. Expenses for the inauguration of a new showroom were allowed as business promotion expenses. Commission paid to a deceased individual was justified. Unexplained investment in a house property was deemed explained. Expenses related to new tractor expenses were allowed. The Tribunal relied on detailed analysis and justifications provided by the CIT(A) in each case. en-us Tue, 11 Apr 2000 00:00:00 +0530 Tue, 29 Mar 2011 13:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68343 The Tribunal partly allowed the Revenue's appeal, upholding some disallowances while overturning others. The disallowance of interest expenditure on a residential plot was deleted due to lack of nexus with borrowed funds. Expenses for a new car purchase were partially disallowed for maintenance and depreciation. Expenses for the inauguration of a new showroom were allowed as business promotion expenses. Commission paid to a deceased individual was justified. Unexplained investment in a house property was deemed explained. Expenses related to new tractor expenses were allowed. The Tribunal relied on detailed analysis and justifications provided by the CIT(A) in each case. Case-Laws Income Tax Tue, 11 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68343