https://www.taxtmi.com/caselaws?id=151937 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld decisions related to disallowance of incidental expenses, allocation of electricity expenses, deletion of addition to closing stock, disallowance of guest house expenses, and disallowance of sundry expenses. The Tribunal remitted the issue of deduction under Section 80HHC back to the Assessing Officer for further inquiry and allowed the appeal regarding the allocation of interest on unsecured loans. The disallowance of payments made to buy out shareholders under Section 402 of the Companies Act was also overturned in favor of the assessee. en-us Wed, 24 Apr 2002 00:00:00 +0530 Mon, 07 Sep 2015 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151937 The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. The Tribunal upheld decisions related to disallowance of incidental expenses, allocation of electricity expenses, deletion of addition to closing stock, disallowance of guest house expenses, and disallowance of sundry expenses. The Tribunal remitted the issue of deduction under Section 80HHC back to the Assessing Officer for further inquiry and allowed the appeal regarding the allocation of interest on unsecured loans. The disallowance of payments made to buy out shareholders under Section 402 of the Companies Act was also overturned in favor of the assessee. Case-Laws Income Tax Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151937