https://www.taxtmi.com/caselaws?id=266963 The Tribunal upheld the CIT(A)'s deletions of disallowances for various expenses, such as general expenses, club expenses, legal expenses, repair charges, corporation tax, and bad debts written off. The Tribunal modified the AO's disallowances on interest from fixed deposits and loans, share trading loss, speculation loss, and motor car expenses. Specific directions were given for disallowances under Section 14A and telephone expenses. Both revenue and assessee's appeals were partly allowed, with adjustments made based on evidence and legal precedents. en-us Tue, 22 Sep 2015 00:00:00 +0530 Wed, 28 Oct 2015 06:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266963 The Tribunal upheld the CIT(A)'s deletions of disallowances for various expenses, such as general expenses, club expenses, legal expenses, repair charges, corporation tax, and bad debts written off. The Tribunal modified the AO's disallowances on interest from fixed deposits and loans, share trading loss, speculation loss, and motor car expenses. Specific directions were given for disallowances under Section 14A and telephone expenses. Both revenue and assessee's appeals were partly allowed, with adjustments made based on evidence and legal precedents. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266963