https://www.taxtmi.com/caselaws?id=214469 The disallowance of expenses related to salary and depreciation was upheld by the Appellate Tribunal due to insufficient evidence of business necessity, following the burden of proof on the assessee. However, the disallowance of provident fund contribution was ruled in favor of the assessee by the Tribunal, emphasizing timely payment and legal provisions. The decision aligned with precedents from the jurisdictional High Court and Supreme Court, allowing the deduction based on the established legal principles. en-us Thu, 31 May 2012 00:00:00 +0530 Tue, 03 Jul 2012 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214469 The disallowance of expenses related to salary and depreciation was upheld by the Appellate Tribunal due to insufficient evidence of business necessity, following the burden of proof on the assessee. However, the disallowance of provident fund contribution was ruled in favor of the assessee by the Tribunal, emphasizing timely payment and legal provisions. The decision aligned with precedents from the jurisdictional High Court and Supreme Court, allowing the deduction based on the established legal principles. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214469