https://www.taxtmi.com/caselaws?id=215439 The Tribunal largely upheld the CIT(A)'s deletions of disallowances, emphasizing the necessity and reasonableness of the expenses relative to the business turnover and past assessment practices. The only exception was the depreciation issue, which was remanded for fresh consideration by the AO. The appeal of the Revenue was allowed in part. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 03 Aug 2012 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215439 The Tribunal largely upheld the CIT(A)'s deletions of disallowances, emphasizing the necessity and reasonableness of the expenses relative to the business turnover and past assessment practices. The only exception was the depreciation issue, which was remanded for fresh consideration by the AO. The appeal of the Revenue was allowed in part. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215439