https://www.taxtmi.com/caselaws?id=242526 The Tribunal allowed the assessee's appeal in part and dismissed the revenue's appeal. The disallowance of interest expenses under Section 36(1)(iii) was deleted as the assessee had sufficient interest-free funds. The disallowance of expenses due to "reversal" entries was remanded for further examination. Ad-hoc disallowance of site expenses was reduced to 5%. Disallowances under Section 40(A)(2)(b) for excessive payments were mostly deleted, as payments were found reasonable. The disallowance of expenses on fitness equipment and door cameras was also overturned. en-us Fri, 24 Jun 2011 00:00:00 +0530 Fri, 11 Mar 2016 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242526 The Tribunal allowed the assessee's appeal in part and dismissed the revenue's appeal. The disallowance of interest expenses under Section 36(1)(iii) was deleted as the assessee had sufficient interest-free funds. The disallowance of expenses due to "reversal" entries was remanded for further examination. Ad-hoc disallowance of site expenses was reduced to 5%. Disallowances under Section 40(A)(2)(b) for excessive payments were mostly deleted, as payments were found reasonable. The disallowance of expenses on fitness equipment and door cameras was also overturned. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242526