https://www.taxtmi.com/caselaws?id=339150 The Tribunal partly allowed the appeal, directing re-examination of certain disallowances and deleting the Gross Profit addition. It upheld the rejection of association expenses and denial of the claim under Section 80GGC. The Tribunal found the rejection of books of account under Section 145(3) to be incorrect, accepting the trading results of the assessee and deleting the addition of Rs. 11,24,013/-. The Tribunal also directed a re-examination of interest expenses and processing charges, requiring verification of business purpose and compliance with TDS provisions. en-us Thu, 16 Feb 2017 00:00:00 +0530 Sat, 18 Feb 2017 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339150 The Tribunal partly allowed the appeal, directing re-examination of certain disallowances and deleting the Gross Profit addition. It upheld the rejection of association expenses and denial of the claim under Section 80GGC. The Tribunal found the rejection of books of account under Section 145(3) to be incorrect, accepting the trading results of the assessee and deleting the addition of Rs. 11,24,013/-. The Tribunal also directed a re-examination of interest expenses and processing charges, requiring verification of business purpose and compliance with TDS provisions. Case-Laws Income Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339150