https://www.taxtmi.com/caselaws?id=268560 The Tribunal partially allowed the Assessee's appeals for AYs 2008-09 and 2009-10, emphasizing the importance of verifying the source of funds before disallowing expenses. The Tribunal upheld the Assessee's arguments regarding commercial expediency in investments and advances, leading to the deletion of disallowances. Proper examination by the Assessing Officer was stressed to ensure fair treatment of the Assessee in both cases. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268560 The Tribunal partially allowed the Assessee's appeals for AYs 2008-09 and 2009-10, emphasizing the importance of verifying the source of funds before disallowing expenses. The Tribunal upheld the Assessee's arguments regarding commercial expediency in investments and advances, leading to the deletion of disallowances. Proper examination by the Assessing Officer was stressed to ensure fair treatment of the Assessee in both cases. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268560