https://www.taxtmi.com/caselaws?id=171531 The appeal was partly allowed with specific grounds either allowed, dismissed, or remanded for fresh examination. The addition under section 41(1) on account of cessation of liability was deleted as the limitation period had not elapsed. Disallowance of interest expenses was upheld due to failure to substantiate the nexus with business purposes. Disallowance towards reduction in cable point income was partly allowed, reduced to 10% recognizing practical business difficulties. Disallowance towards security cover, labor supply charges, etc., was remanded for fresh examination due to a violation of natural justice. Disallowances towards license fees and general expenses were upheld. en-us Wed, 23 May 2012 00:00:00 +0530 Thu, 23 Jul 2015 10:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171531 The appeal was partly allowed with specific grounds either allowed, dismissed, or remanded for fresh examination. The addition under section 41(1) on account of cessation of liability was deleted as the limitation period had not elapsed. Disallowance of interest expenses was upheld due to failure to substantiate the nexus with business purposes. Disallowance towards reduction in cable point income was partly allowed, reduced to 10% recognizing practical business difficulties. Disallowance towards security cover, labor supply charges, etc., was remanded for fresh examination due to a violation of natural justice. Disallowances towards license fees and general expenses were upheld. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171531