https://www.taxtmi.com/caselaws?id=181976 The Tribunal partly allowed both appeals, addressing issues related to commission expenses, interest charges, and tax effect thresholds. It rejected the Departmental Representative's plea to decide based on CBDT Instruction No. 1903 due to cumulative tax effect exceeding the threshold. The Tribunal upheld the allowance of commission expenses, citing increased profits for the assessee. It ruled in favor of the Revenue on interest charged under section 234B and against the assessee on the deletion of interest on income-tax, stating it was not deductible as business expenditure. en-us Fri, 31 Jan 2003 00:00:00 +0530 Thu, 28 Apr 2016 18:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181976 The Tribunal partly allowed both appeals, addressing issues related to commission expenses, interest charges, and tax effect thresholds. It rejected the Departmental Representative's plea to decide based on CBDT Instruction No. 1903 due to cumulative tax effect exceeding the threshold. The Tribunal upheld the allowance of commission expenses, citing increased profits for the assessee. It ruled in favor of the Revenue on interest charged under section 234B and against the assessee on the deletion of interest on income-tax, stating it was not deductible as business expenditure. Case-Laws Income Tax Fri, 31 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181976