https://www.taxtmi.com/caselaws?id=185437 The Tribunal allowed the appeal, reversing the AO's and CIT(A)'s decisions on disallowance of interest on borrowed funds, disallowance of sales promotion expenses, and disallowance of miscellaneous and canteen expenses. However, it upheld the disallowances on marketing expenses, commission payments, addition of notional interest on Inter-Corporate Deposit, classification of replacement expenditure, reduction of notional interest income for Section 80HHC computation, and reduction of other income for Section 80IA/80IB computation. The Tribunal's decisions were based on evidence and legal precedents, ensuring a comprehensive adjudication of the issues. en-us Tue, 31 May 2011 00:00:00 +0530 Fri, 12 Aug 2016 14:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185437 The Tribunal allowed the appeal, reversing the AO's and CIT(A)'s decisions on disallowance of interest on borrowed funds, disallowance of sales promotion expenses, and disallowance of miscellaneous and canteen expenses. However, it upheld the disallowances on marketing expenses, commission payments, addition of notional interest on Inter-Corporate Deposit, classification of replacement expenditure, reduction of notional interest income for Section 80HHC computation, and reduction of other income for Section 80IA/80IB computation. The Tribunal's decisions were based on evidence and legal precedents, ensuring a comprehensive adjudication of the issues. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185437