https://www.taxtmi.com/caselaws?id=268889 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of sampling expenses and interest attributable for investment in shares. The disallowance lacked factual basis as the expenses were justified by innovative designs and the interest expenditure was deemed commercially expedient with adequate funds. The Revenue's appeal was dismissed as the disallowances were not supported by evidence and lacked a nexus between the interest-bearing funds and share investments. en-us Fri, 20 Nov 2015 00:00:00 +0530 Fri, 04 Dec 2015 15:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268889 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of sampling expenses and interest attributable for investment in shares. The disallowance lacked factual basis as the expenses were justified by innovative designs and the interest expenditure was deemed commercially expedient with adequate funds. The Revenue's appeal was dismissed as the disallowances were not supported by evidence and lacked a nexus between the interest-bearing funds and share investments. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268889