https://www.taxtmi.com/caselaws?id=186590 The Tribunal directed the AO to calculate the net profit for disallowance under section 36(1)(viii) after considering the appellant's arguments. It emphasized the requirement of a direct nexus between income and expenditure, allowing deductions for specific items. The appeal was partially allowed, leading to adjustments in interest calculations under sections 234B and 244A(3). en-us Fri, 29 Apr 2011 00:00:00 +0530 Fri, 23 Sep 2016 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186590 The Tribunal directed the AO to calculate the net profit for disallowance under section 36(1)(viii) after considering the appellant's arguments. It emphasized the requirement of a direct nexus between income and expenditure, allowing deductions for specific items. The appeal was partially allowed, leading to adjustments in interest calculations under sections 234B and 244A(3). Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186590