https://www.taxtmi.com/caselaws?id=176709 The tribunal ruled in favor of the assessee, overturning the disallowances made by the lower authorities on all three issues. The disallowance under section 40(a)(ia) for non-deduction of tax at source was rejected as the expenses were adjusted against amounts payable. The disallowance of traveling expenses and business promotion expenses was also overturned, considering the reasonableness of the expenses in relation to turnover and income, and the business necessity. en-us Mon, 19 Apr 2010 00:00:00 +0530 Wed, 23 Aug 2023 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176709 The tribunal ruled in favor of the assessee, overturning the disallowances made by the lower authorities on all three issues. The disallowance under section 40(a)(ia) for non-deduction of tax at source was rejected as the expenses were adjusted against amounts payable. The disallowance of traveling expenses and business promotion expenses was also overturned, considering the reasonableness of the expenses in relation to turnover and income, and the business necessity. Case-Laws Income Tax Mon, 19 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176709