https://www.taxtmi.com/caselaws?id=245082 The disallowance of interest, motor car expenses, sales promotion expenses, traveling and conveyance expenses, and telephone and mobile charges were contested by the assessee. The Tribunal ruled in favor of the assessee for the disallowance of interest due to alleged diversion of funds and upheld a 10% disallowance for personal use in motor car expenses. The disallowances for sales promotion expenses, traveling and conveyance expenses, and telephone and mobile charges were confirmed based on lack of substantiation. The Tribunal's decision aimed to maintain consistency with earlier judgments and ensure uniform application of the law. en-us Wed, 12 Mar 2014 00:00:00 +0530 Wed, 19 Mar 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245082 The disallowance of interest, motor car expenses, sales promotion expenses, traveling and conveyance expenses, and telephone and mobile charges were contested by the assessee. The Tribunal ruled in favor of the assessee for the disallowance of interest due to alleged diversion of funds and upheld a 10% disallowance for personal use in motor car expenses. The disallowances for sales promotion expenses, traveling and conveyance expenses, and telephone and mobile charges were confirmed based on lack of substantiation. The Tribunal's decision aimed to maintain consistency with earlier judgments and ensure uniform application of the law. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245082