https://www.taxtmi.com/caselaws?id=178232 The Tribunal ruled in favor of the assessee on key issues, including the accrual date of commission income and advertisement expenses, affirming that income accrues upon payment receipt and that expenses benefiting third parties can still serve business purposes. It remitted issues regarding disallowance u/s 43B, bad debts, motor car depreciation, and deduction u/s 80HHC to the AO for further verification and adjudication, emphasizing compliance with legal standards and precedents. en-us Fri, 28 Jul 2006 00:00:00 +0530 Thu, 23 May 2024 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178232 The Tribunal ruled in favor of the assessee on key issues, including the accrual date of commission income and advertisement expenses, affirming that income accrues upon payment receipt and that expenses benefiting third parties can still serve business purposes. It remitted issues regarding disallowance u/s 43B, bad debts, motor car depreciation, and deduction u/s 80HHC to the AO for further verification and adjudication, emphasizing compliance with legal standards and precedents. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178232