https://www.taxtmi.com/caselaws?id=330411 The Tribunal partly allowed the assessee's appeal by directing reconsideration of the disallowance of advertisement expenditure due to non-deduction of TDS, citing lack of proper consideration of evidence and previous rulings. The Tribunal also deleted the disallowance of interest on advances made to family members, as the total capital and interest-free loans were deemed sufficient. Additionally, the Tribunal overturned the addition of franchise fees as capital expenditure, determining them to be revenue in nature without creating any enduring benefit. The orders of the lower authorities were set aside in these respects. en-us Tue, 19 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330411 The Tribunal partly allowed the assessee's appeal by directing reconsideration of the disallowance of advertisement expenditure due to non-deduction of TDS, citing lack of proper consideration of evidence and previous rulings. The Tribunal also deleted the disallowance of interest on advances made to family members, as the total capital and interest-free loans were deemed sufficient. Additionally, the Tribunal overturned the addition of franchise fees as capital expenditure, determining them to be revenue in nature without creating any enduring benefit. The orders of the lower authorities were set aside in these respects. Case-Laws Income Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330411