https://www.taxtmi.com/caselaws?id=255197 The High Court allowed the appeal, ruling in favor of the appellant against the Revenue. The Court found that the disallowance of expenses based on turnover comparison was unjustified as the lower authorities overlooked reductions in certain expenses and the audited nature of the accounts. The Court emphasized the need to consider all relevant factors in such assessments and set aside the Tribunal's decision. en-us Tue, 09 Dec 2014 00:00:00 +0530 Sat, 10 Jan 2015 07:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255197 The High Court allowed the appeal, ruling in favor of the appellant against the Revenue. The Court found that the disallowance of expenses based on turnover comparison was unjustified as the lower authorities overlooked reductions in certain expenses and the audited nature of the accounts. The Court emphasized the need to consider all relevant factors in such assessments and set aside the Tribunal's decision. Case-Laws Income Tax Tue, 09 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255197