https://www.taxtmi.com/caselaws?id=119523 The Tribunal partly allowed the assessee's appeal. It reversed the disallowance of the dealership/agency commission, finding it allowable as it was for services rendered outside India, and the drawing and designing expenses, deeming them revenue in nature. The Tribunal upheld the addition due to discrepancies in sale transactions, as the assessee failed to provide a proper explanation. It also allowed the deduction for the tender money deposit written off as a business expense under Section 37(1), rather than as a bad debt under Section 36(2). en-us Fri, 30 Mar 2007 00:00:00 +0530 Sat, 17 Feb 2024 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119523 The Tribunal partly allowed the assessee's appeal. It reversed the disallowance of the dealership/agency commission, finding it allowable as it was for services rendered outside India, and the drawing and designing expenses, deeming them revenue in nature. The Tribunal upheld the addition due to discrepancies in sale transactions, as the assessee failed to provide a proper explanation. It also allowed the deduction for the tender money deposit written off as a business expense under Section 37(1), rather than as a bad debt under Section 36(2). Case-Laws Income Tax Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119523