https://www.taxtmi.com/caselaws?id=335597 The Tribunal partly allowed the appeals, directing the Assessing Officer to adjust disallowances and additions in accordance with its findings. The Tribunal upheld the treatment of Short Term Capital Gains as business income, restricted disallowance under Section 14A to the exempt income earned, limited adhoc disallowances to 10% of total expenses, and ordered verification of added commission income. Disallowances of foreign and other travel expenses, as well as presentation articles expenses, were upheld. The Tribunal's decisions were grounded in legal precedents, factual assessments, and legal principles. en-us Thu, 17 Nov 2016 00:00:00 +0530 Sat, 03 Dec 2016 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335597 The Tribunal partly allowed the appeals, directing the Assessing Officer to adjust disallowances and additions in accordance with its findings. The Tribunal upheld the treatment of Short Term Capital Gains as business income, restricted disallowance under Section 14A to the exempt income earned, limited adhoc disallowances to 10% of total expenses, and ordered verification of added commission income. Disallowances of foreign and other travel expenses, as well as presentation articles expenses, were upheld. The Tribunal's decisions were grounded in legal precedents, factual assessments, and legal principles. Case-Laws Income Tax Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335597