https://www.taxtmi.com/caselaws?id=207119 The Tribunal upheld the deduction under Section 80IB, allowed deduction for expenses related to the sale of shops, disallowed certain expenses like charity and donation but deleted disallowance of membership fees, disallowed loss on sale of cottages due to lack of adverse material, upheld disallowance of interest on car loan, deleted disallowance under Section 40(a)(ia) for non-deduction of TDS on advertisement expenses, and deleted ad-hoc disallowance of 5% of various expenses. The Tribunal dismissed revenue's appeals and partly allowed assessee's appeals, citing lack of specific adverse findings by the AO and adherence to legal principles. en-us Fri, 03 Dec 2010 00:00:00 +0530 Tue, 29 Nov 2011 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207119 The Tribunal upheld the deduction under Section 80IB, allowed deduction for expenses related to the sale of shops, disallowed certain expenses like charity and donation but deleted disallowance of membership fees, disallowed loss on sale of cottages due to lack of adverse material, upheld disallowance of interest on car loan, deleted disallowance under Section 40(a)(ia) for non-deduction of TDS on advertisement expenses, and deleted ad-hoc disallowance of 5% of various expenses. The Tribunal dismissed revenue's appeals and partly allowed assessee's appeals, citing lack of specific adverse findings by the AO and adherence to legal principles. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207119