https://www.taxtmi.com/caselaws?id=181256 The Tribunal upheld the CIT(A)'s decisions regarding the disallowances of subscription, interest payments, and additional interest by dismissing the revenue's appeal. The Tribunal found the expenses allowable under section 37(1) of the Income Tax Act, 1961, as necessary business expenditures and rejected the revenue's arguments against the payments made to government entities. The Tribunal considered the expenses as contractual obligations essential for the business, leading to the final decision in favor of the assessee on August 7, 2015. en-us Fri, 07 Aug 2015 00:00:00 +0530 Tue, 12 Apr 2016 10:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181256 The Tribunal upheld the CIT(A)'s decisions regarding the disallowances of subscription, interest payments, and additional interest by dismissing the revenue's appeal. The Tribunal found the expenses allowable under section 37(1) of the Income Tax Act, 1961, as necessary business expenditures and rejected the revenue's arguments against the payments made to government entities. The Tribunal considered the expenses as contractual obligations essential for the business, leading to the final decision in favor of the assessee on August 7, 2015. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181256