https://www.taxtmi.com/caselaws?id=247184 The ITAT partially allowed the appeal on certain expense disallowances, reducing the disallowance amount to Rs. 25,000 out of the total debits of Rs. 41,410. The appeal on the loss on the sale of a depreciable asset was dismissed, considering it a capital loss. The matter of Premises User Expenses was remanded for further examination, and the appeal on Interest on Overdraft & Unsecured Loans was allowed for statistical purposes. en-us Fri, 06 Dec 2013 00:00:00 +0530 Mon, 05 May 2014 09:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247184 The ITAT partially allowed the appeal on certain expense disallowances, reducing the disallowance amount to Rs. 25,000 out of the total debits of Rs. 41,410. The appeal on the loss on the sale of a depreciable asset was dismissed, considering it a capital loss. The matter of Premises User Expenses was remanded for further examination, and the appeal on Interest on Overdraft & Unsecured Loans was allowed for statistical purposes. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247184