https://www.taxtmi.com/caselaws?id=265999 The Tribunal partially allowed the assessee's appeal by reducing the ad-hoc disallowance on Labour, Lodging & Site Expenses to 10% of the amount. The disallowance of interest paid on delayed Service Tax and M-VAT was deleted, as it was considered compensatory and allowable under Section 37(1). The disallowance on Motor Car Expenses was dismissed, and the deletion of disallowance on Labour Charges and Interest Paid on Secured Loans was upheld. The revenue's appeal was dismissed, confirming the deletions made by the CIT(A). en-us Wed, 09 Sep 2015 00:00:00 +0530 Sat, 17 Oct 2015 08:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265999 The Tribunal partially allowed the assessee's appeal by reducing the ad-hoc disallowance on Labour, Lodging & Site Expenses to 10% of the amount. The disallowance of interest paid on delayed Service Tax and M-VAT was deleted, as it was considered compensatory and allowable under Section 37(1). The disallowance on Motor Car Expenses was dismissed, and the deletion of disallowance on Labour Charges and Interest Paid on Secured Loans was upheld. The revenue's appeal was dismissed, confirming the deletions made by the CIT(A). Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265999