https://www.taxtmi.com/caselaws?id=339285 The Tribunal remanded certain issues for re-examination, directing the CIT (A) to assess whether expenditures were capital or revenue in nature. Disallowances on repairs of leased premises and revenue expenses on items like crockery were partially upheld by the CIT (A) but reversed by the Tribunal. Disallowance based on survey documents was deleted, and penalties under section 271(1)(c) were partially upheld and partially deleted, pending further examination. The Tribunal stressed proper verification and adherence to legal precedents, partially allowing the appeals and providing detailed guidance for reconsideration of disputed expenditures. en-us Mon, 13 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 00:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339285 The Tribunal remanded certain issues for re-examination, directing the CIT (A) to assess whether expenditures were capital or revenue in nature. Disallowances on repairs of leased premises and revenue expenses on items like crockery were partially upheld by the CIT (A) but reversed by the Tribunal. Disallowance based on survey documents was deleted, and penalties under section 271(1)(c) were partially upheld and partially deleted, pending further examination. The Tribunal stressed proper verification and adherence to legal precedents, partially allowing the appeals and providing detailed guidance for reconsideration of disputed expenditures. Case-Laws Income Tax Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339285