https://www.taxtmi.com/caselaws?id=336492 The Revenue's appeal was found not maintainable due to the tax effect being less than the prescribed limit. The disallowance of administrative expenses was partly allowed by the CIT(A) based on various factors, with the Tribunal concluding that the AO's disallowance was unjustified. Regarding the disallowance of interest expenses, the Tribunal directed the AO to reexamine the issue considering commercial principles and the availability of interest-free funds. Ultimately, the appeal of the assessee was partially allowed, while the Revenue's appeal was dismissed by the Tribunal. en-us Fri, 21 Oct 2016 00:00:00 +0530 Thu, 22 Dec 2016 14:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336492 The Revenue's appeal was found not maintainable due to the tax effect being less than the prescribed limit. The disallowance of administrative expenses was partly allowed by the CIT(A) based on various factors, with the Tribunal concluding that the AO's disallowance was unjustified. Regarding the disallowance of interest expenses, the Tribunal directed the AO to reexamine the issue considering commercial principles and the availability of interest-free funds. Ultimately, the appeal of the assessee was partially allowed, while the Revenue's appeal was dismissed by the Tribunal. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336492