https://www.taxtmi.com/caselaws?id=220158 The Tribunal upheld the disallowances of various expenses such as advertisement, car, legal, property tax, and bonus expenses due to lack of evidence or proper substantiation. Disallowances of assets written off, depreciation on building additions, passenger tax, and depreciation on furniture and fixture additions were confirmed as not for business purposes. However, establishment expenses were fully allowed due to the essential nature of staff. Unrealized securities written off were disallowed for lack of justification. Loss in respect of duty entitlement transfer was disallowed as not pertaining to the relevant year. Appeals were mostly dismissed, except for partial allowances in specific cases for statistical purposes. en-us Wed, 31 Oct 2012 00:00:00 +0530 Fri, 11 Jan 2013 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220158 The Tribunal upheld the disallowances of various expenses such as advertisement, car, legal, property tax, and bonus expenses due to lack of evidence or proper substantiation. Disallowances of assets written off, depreciation on building additions, passenger tax, and depreciation on furniture and fixture additions were confirmed as not for business purposes. However, establishment expenses were fully allowed due to the essential nature of staff. Unrealized securities written off were disallowed for lack of justification. Loss in respect of duty entitlement transfer was disallowed as not pertaining to the relevant year. Appeals were mostly dismissed, except for partial allowances in specific cases for statistical purposes. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220158