https://www.taxtmi.com/caselaws?id=179510 The Tribunal partly allowed the assessee's appeal by holding that expenses on repairs & maintenance of rented premises were revenue expenditure, deleting the addition made by the AO. The Tribunal directed the AO to reevaluate the addition of unsecured loans after allowing the assessee to present evidence. The Tribunal upheld the treatment of interest paid as allowable expenditure and deleted the disallowance of remuneration paid to directors. The Revenue's appeal was dismissed. en-us Wed, 16 May 2012 00:00:00 +0530 Thu, 03 Mar 2016 12:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179510 The Tribunal partly allowed the assessee's appeal by holding that expenses on repairs & maintenance of rented premises were revenue expenditure, deleting the addition made by the AO. The Tribunal directed the AO to reevaluate the addition of unsecured loans after allowing the assessee to present evidence. The Tribunal upheld the treatment of interest paid as allowable expenditure and deleted the disallowance of remuneration paid to directors. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179510