https://www.taxtmi.com/caselaws?id=194733 The Appellate Tribunal ITAT Mumbai partially allowed the appeal for the assessment year 2006-07 under Section 143(3) of the Income Tax Act. It overturned the disallowances on conveyance, business promotion, and welfare expenses, reduced the disallowance on vehicle expenses from 20% to 10%, and adjusted the disallowance on telephone expenses from 15% to 10%. The Tribunal found the expenses reasonable and proportionate to the income declared by the assessee, leading to the deletion or reduction of the disallowances imposed by the assessing authorities. en-us Thu, 04 Nov 2010 00:00:00 +0530 Thu, 21 Sep 2017 16:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194733 The Appellate Tribunal ITAT Mumbai partially allowed the appeal for the assessment year 2006-07 under Section 143(3) of the Income Tax Act. It overturned the disallowances on conveyance, business promotion, and welfare expenses, reduced the disallowance on vehicle expenses from 20% to 10%, and adjusted the disallowance on telephone expenses from 15% to 10%. The Tribunal found the expenses reasonable and proportionate to the income declared by the assessee, leading to the deletion or reduction of the disallowances imposed by the assessing authorities. Case-Laws Income Tax Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194733