https://www.taxtmi.com/caselaws?id=215428 The Tribunal partly allowed the appeal, remanding specific issues for further verification and deciding in favor of the assessee on others. The disallowance of bank guarantee commission was remanded for fresh consideration based on the business expenditure principle. The interest expenditure on secured loans was allowed following a previous ruling. The ad-hoc disallowance of expenses was partially upheld, directing a reduced disallowance. The disallowance of legal charges due to non-deduction of TDS was remanded for verification of payment amounts. en-us Thu, 22 Mar 2012 00:00:00 +0530 Fri, 03 Aug 2012 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215428 The Tribunal partly allowed the appeal, remanding specific issues for further verification and deciding in favor of the assessee on others. The disallowance of bank guarantee commission was remanded for fresh consideration based on the business expenditure principle. The interest expenditure on secured loans was allowed following a previous ruling. The ad-hoc disallowance of expenses was partially upheld, directing a reduced disallowance. The disallowance of legal charges due to non-deduction of TDS was remanded for verification of payment amounts. Case-Laws Income Tax Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215428