https://www.taxtmi.com/caselaws?id=68788 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including the deduction of Rs. 82,65,936 for actual payment of purchase tax and disallowance of Rs. 75,000 from staff welfare expenses. The Tribunal directed further examination on certain matters such as the addition of notional interest on advances and inter-corporate deposits. The importance of distinguishing real income and proper verification of claims was emphasized in the decision. en-us Fri, 25 Jan 2008 00:00:00 +0530 Fri, 01 Apr 2011 16:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68788 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various issues including the deduction of Rs. 82,65,936 for actual payment of purchase tax and disallowance of Rs. 75,000 from staff welfare expenses. The Tribunal directed further examination on certain matters such as the addition of notional interest on advances and inter-corporate deposits. The importance of distinguishing real income and proper verification of claims was emphasized in the decision. Case-Laws Income Tax Fri, 25 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68788