https://www.taxtmi.com/caselaws?id=69790 The ITAT Madras-B remanded the case for fresh consideration on interest allocation between business income and other sources for the assessment years 1973-74, 1974-75, and 1975-76. It upheld the revenue nature of advertisement expenses for Ensore Blades, disallowed entertainment expenditure, and canceled interest under section 215 of the IT Act for the assessment year 1975-76. The ITAT allowed the appeal for 1973-74 and partially allowed subsequent years' appeals, emphasizing proper assessment adherence to the law. en-us Tue, 09 Sep 1980 00:00:00 +0530 Tue, 12 Apr 2011 11:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69790 The ITAT Madras-B remanded the case for fresh consideration on interest allocation between business income and other sources for the assessment years 1973-74, 1974-75, and 1975-76. It upheld the revenue nature of advertisement expenses for Ensore Blades, disallowed entertainment expenditure, and canceled interest under section 215 of the IT Act for the assessment year 1975-76. The ITAT allowed the appeal for 1973-74 and partially allowed subsequent years' appeals, emphasizing proper assessment adherence to the law. Case-Laws Income Tax Tue, 09 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69790