https://www.taxtmi.com/caselaws?id=187124 The High Court upheld the Tribunal's decision in favor of the assessee and against the Revenue. It clarified that disallowance under section 37(3A) of the IT Act should be based on the claimed amount of expenditure, not the gross amount, emphasizing that only claimed expenses are subject to disallowance. Additionally, it affirmed the allowance of an additional ground of appeal for expenditure on skimmed milk suppliers, stating that such grounds can be raised if bona fide and not previously raised for valid reasons. en-us Wed, 09 Apr 2008 00:00:00 +0530 Wed, 12 Oct 2016 10:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187124 The High Court upheld the Tribunal's decision in favor of the assessee and against the Revenue. It clarified that disallowance under section 37(3A) of the IT Act should be based on the claimed amount of expenditure, not the gross amount, emphasizing that only claimed expenses are subject to disallowance. Additionally, it affirmed the allowance of an additional ground of appeal for expenditure on skimmed milk suppliers, stating that such grounds can be raised if bona fide and not previously raised for valid reasons. Case-Laws Income Tax Wed, 09 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187124