https://www.taxtmi.com/caselaws?id=239638 The ITAT Hyderabad upheld the CIT(A)'s decision to delete the disallowances of 25% of expenses towards electricity and furnace oil expenditure for the assessment years 2005-06 to 2008-09. The Revenue's appeals were dismissed due to the lack of evidence supporting the AO's disallowance and the reasonable nature of the Assessee's expenditure on essential business costs. en-us Wed, 13 Nov 2013 00:00:00 +0530 Mon, 18 Nov 2013 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239638 The ITAT Hyderabad upheld the CIT(A)'s decision to delete the disallowances of 25% of expenses towards electricity and furnace oil expenditure for the assessment years 2005-06 to 2008-09. The Revenue's appeals were dismissed due to the lack of evidence supporting the AO's disallowance and the reasonable nature of the Assessee's expenditure on essential business costs. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239638