https://www.taxtmi.com/caselaws?id=345100 The Tribunal overturned the disallowance of rent expenses and provision for "Mark to Market" loss for the assessment year 2007-2008 in two appeals. The Court upheld the Tribunal's decision, ruling that the rent expenses were justified as they were used for business purposes, and the "Mark to Market" loss was not speculative. The appeals were dismissed without costs as no substantial question of law arose. en-us Wed, 21 Jun 2017 00:00:00 +0530 Sat, 08 Jul 2017 07:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345100 The Tribunal overturned the disallowance of rent expenses and provision for "Mark to Market" loss for the assessment year 2007-2008 in two appeals. The Court upheld the Tribunal's decision, ruling that the rent expenses were justified as they were used for business purposes, and the "Mark to Market" loss was not speculative. The appeals were dismissed without costs as no substantial question of law arose. Case-Laws Income Tax Wed, 21 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345100