https://www.taxtmi.com/caselaws?id=262441 The Tribunal upheld the restriction of local area expenses to 50%, dismissed the appeal on business promotion expenses due to lack of evidence, and upheld the deletion of disallowance on research and development expenses. The Tribunal found no reason to interfere with the first appellate authority's findings and partly allowed the Revenue's appeal for one assessment year while dismissing it for another. en-us Fri, 02 Jan 2015 00:00:00 +0530 Tue, 11 Aug 2015 07:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262441 The Tribunal upheld the restriction of local area expenses to 50%, dismissed the appeal on business promotion expenses due to lack of evidence, and upheld the deletion of disallowance on research and development expenses. The Tribunal found no reason to interfere with the first appellate authority's findings and partly allowed the Revenue's appeal for one assessment year while dismissing it for another. Case-Laws Income Tax Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262441