https://www.taxtmi.com/caselaws?id=209768 The Tribunal confirmed the deletion of disallowance of various business expenses, emphasizing the genuineness of the expenses and lack of evidence to prove they were not incurred for the appellant's business. Regarding the disallowance under section 40(a)(ia) related to consultancy charges, the Tribunal remanded the issue back to the AO for fresh verification to determine if the payments were for technical services under section 194J or for soliciting insurance business under section 194D. The appeal of the Revenue was partly allowed for statistical purposes, with the Tribunal upholding the deletion of business expenses and remanding the consultancy charges issue for further examination. en-us Fri, 23 Dec 2011 00:00:00 +0530 Wed, 01 Feb 2012 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209768 The Tribunal confirmed the deletion of disallowance of various business expenses, emphasizing the genuineness of the expenses and lack of evidence to prove they were not incurred for the appellant's business. Regarding the disallowance under section 40(a)(ia) related to consultancy charges, the Tribunal remanded the issue back to the AO for fresh verification to determine if the payments were for technical services under section 194J or for soliciting insurance business under section 194D. The appeal of the Revenue was partly allowed for statistical purposes, with the Tribunal upholding the deletion of business expenses and remanding the consultancy charges issue for further examination. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209768