https://www.taxtmi.com/caselaws?id=209658 The Tribunal upheld the deletion of various additions made by the Assessing Officer, following previous decisions favoring the assessee. The disallowed expenses for license fees, retainership fees, guest house expenses, and entrance fees paid to clubs were allowed as business expenditures. However, the disallowance related to earning exempt income was modified to 1% of the total exempt income, aligning with the original assessment by the Assessing Officer. The Revenue's appeal was dismissed, and the assessee's cross-objection was partly allowed. en-us Fri, 27 May 2011 00:00:00 +0530 Mon, 08 Jul 2013 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209658 The Tribunal upheld the deletion of various additions made by the Assessing Officer, following previous decisions favoring the assessee. The disallowed expenses for license fees, retainership fees, guest house expenses, and entrance fees paid to clubs were allowed as business expenditures. However, the disallowance related to earning exempt income was modified to 1% of the total exempt income, aligning with the original assessment by the Assessing Officer. The Revenue's appeal was dismissed, and the assessee's cross-objection was partly allowed. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209658