https://www.taxtmi.com/caselaws?id=216378 The Tribunal partly allowed the appeals filed by the assessee and the revenue, dismissing the cross objections filed by the assessee. The decisions were based on precedents from earlier years and higher court rulings. The disallowance of various expenses under different sections was upheld or allowed based on past decisions and legal interpretations. Notable disallowances included guest house expenses, entertainment expenses, and interest receivable, with the Tribunal following its previous rulings and Supreme Court decisions in relevant cases. en-us Fri, 22 Jun 2012 00:00:00 +0530 Sat, 08 Sep 2012 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216378 The Tribunal partly allowed the appeals filed by the assessee and the revenue, dismissing the cross objections filed by the assessee. The decisions were based on precedents from earlier years and higher court rulings. The disallowance of various expenses under different sections was upheld or allowed based on past decisions and legal interpretations. Notable disallowances included guest house expenses, entertainment expenses, and interest receivable, with the Tribunal following its previous rulings and Supreme Court decisions in relevant cases. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216378