https://www.taxtmi.com/caselaws?id=242648 The Tribunal dismissed the Revenue's appeal on all grounds, upholding the decisions of the CIT(A) regarding disallowances and deductions claimed by the assessee for the assessment year. The disallowances under sections 40(a)(ia) for transport, coolie & cartage, bad debts, interest, and brokerage expenses were all overturned in favor of the assessee. The Tribunal found no evidence of TDS liability for transport expenses, deemed coolie and cartage expenses essential for business, allowed bad debts as genuine, supported the deduction of interest expenses, and justified the brokerage expenses, leading to the dismissal of the Revenue's appeal. en-us Fri, 21 Jun 2013 00:00:00 +0530 Fri, 12 Jul 2013 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242648 The Tribunal dismissed the Revenue's appeal on all grounds, upholding the decisions of the CIT(A) regarding disallowances and deductions claimed by the assessee for the assessment year. The disallowances under sections 40(a)(ia) for transport, coolie & cartage, bad debts, interest, and brokerage expenses were all overturned in favor of the assessee. The Tribunal found no evidence of TDS liability for transport expenses, deemed coolie and cartage expenses essential for business, allowed bad debts as genuine, supported the deduction of interest expenses, and justified the brokerage expenses, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242648