https://www.taxtmi.com/caselaws?id=252827 The Tribunal upheld the decisions of the Ld. CIT (A) in favor of the assessee on all grounds, dismissing the department's appeal. The Tribunal found that the additions related to "Current liabilities" were adequately explained, the expenses incurred on behalf of Alchemist Group were not income of the assessee, the deletion of business promotion and entertainment expenses was justified, and the restriction on disallowance for personal use of telephone and vehicle expenses was reasonable. The order was pronounced on 21.03.2014. en-us Fri, 21 Mar 2014 00:00:00 +0530 Wed, 05 Nov 2014 06:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252827 The Tribunal upheld the decisions of the Ld. CIT (A) in favor of the assessee on all grounds, dismissing the department's appeal. The Tribunal found that the additions related to "Current liabilities" were adequately explained, the expenses incurred on behalf of Alchemist Group were not income of the assessee, the deletion of business promotion and entertainment expenses was justified, and the restriction on disallowance for personal use of telephone and vehicle expenses was reasonable. The order was pronounced on 21.03.2014. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252827