https://www.taxtmi.com/caselaws?id=243216 The High Court considered the appeal against the deletion of disallowance of brokerage and commission expenses amounting to Rs. 18,80,782 for Assessment Year 1996-97. The Court demanded a review of the appeal on merits after the Tribunal dismissed the Revenue's appeal due to low tax effect. The Tribunal upheld the deletion of the disallowance based on legal analysis and precedents, emphasizing that expenses incurred for obtaining fixed deposits were allowable as revenue expenditure. The Court affirmed the Tribunal's decision, ultimately dismissing the Revenue's appeal. en-us Wed, 14 Aug 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243216 The High Court considered the appeal against the deletion of disallowance of brokerage and commission expenses amounting to Rs. 18,80,782 for Assessment Year 1996-97. The Court demanded a review of the appeal on merits after the Tribunal dismissed the Revenue's appeal due to low tax effect. The Tribunal upheld the deletion of the disallowance based on legal analysis and precedents, emphasizing that expenses incurred for obtaining fixed deposits were allowable as revenue expenditure. The Court affirmed the Tribunal's decision, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243216