https://www.taxtmi.com/caselaws?id=262210 The Tribunal dismissed the Revenue's appeal for the assessment year 2001-02 due to low tax effect. Disallowances of commission, telephone, vehicle running, and maintenance expenses were deleted for both assessment years 2001-02 and 2003-04. Disallowance of freight and cartage expenses was upheld for 2001-02 but deemed reasonable for 2003-04. Disallowance of consumable stores expenses was upheld for 2001-02 but deleted for 2003-04. The disallowance of depreciation on machinery for 2003-04 was upheld. Overall, the appeals and cross-objections were partly allowed and dismissed accordingly. en-us Thu, 30 Jul 2015 00:00:00 +0530 Tue, 04 Aug 2015 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262210 The Tribunal dismissed the Revenue's appeal for the assessment year 2001-02 due to low tax effect. Disallowances of commission, telephone, vehicle running, and maintenance expenses were deleted for both assessment years 2001-02 and 2003-04. Disallowance of freight and cartage expenses was upheld for 2001-02 but deemed reasonable for 2003-04. Disallowance of consumable stores expenses was upheld for 2001-02 but deleted for 2003-04. The disallowance of depreciation on machinery for 2003-04 was upheld. Overall, the appeals and cross-objections were partly allowed and dismissed accordingly. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262210