https://www.taxtmi.com/caselaws?id=213580 The Tribunal upheld the CIT(A)'s decisions on various issues, including disallowance of advertising, printing, Diwali, vehicle expenses, depreciation rates, staff welfare expenses, and interest on interest-free loans. Emphasizing the business necessity of expenses and industry competitiveness, the Tribunal followed precedents for consistency. The appeal of the Revenue and the cross-objection of the assessee were partly allowed, reflecting a balanced outcome in favor of the assessee. en-us Mon, 31 Oct 2011 00:00:00 +0530 Sat, 26 May 2012 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213580 The Tribunal upheld the CIT(A)'s decisions on various issues, including disallowance of advertising, printing, Diwali, vehicle expenses, depreciation rates, staff welfare expenses, and interest on interest-free loans. Emphasizing the business necessity of expenses and industry competitiveness, the Tribunal followed precedents for consistency. The appeal of the Revenue and the cross-objection of the assessee were partly allowed, reflecting a balanced outcome in favor of the assessee. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213580