https://www.taxtmi.com/caselaws?id=217810 The Tribunal partially allowed the appeal, reducing disallowances on various expenses while upholding some disallowances. The AO's disallowance of Rs. 5,00,000 for loss was reduced to Rs. 2.5 lakhs, citing the necessity of some expenditure in manufacturing. Disallowance of interest of Rs. 5,00,000 was referred back to the AO for reconsideration based on business expediency. Disallowances under sections 40(a)(ia) were remitted to the AO for review in line with specific ITAT decisions. The Tribunal directed the AO to verify and allow deductions for TDS remittance after considering relevant case law. en-us Wed, 18 Jul 2012 00:00:00 +0530 Tue, 23 Oct 2012 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217810 The Tribunal partially allowed the appeal, reducing disallowances on various expenses while upholding some disallowances. The AO's disallowance of Rs. 5,00,000 for loss was reduced to Rs. 2.5 lakhs, citing the necessity of some expenditure in manufacturing. Disallowance of interest of Rs. 5,00,000 was referred back to the AO for reconsideration based on business expediency. Disallowances under sections 40(a)(ia) were remitted to the AO for review in line with specific ITAT decisions. The Tribunal directed the AO to verify and allow deductions for TDS remittance after considering relevant case law. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217810