https://www.taxtmi.com/caselaws?id=351172 The tribunal partly allowed the Revenue's appeal, emphasizing the importance of examining the nature and genuineness of expenditures in accordance with the law, even when following the mercantile system of accounting. The judgment highlighted the need for a thorough assessment of expenses and adherence to accounting practices to ensure accurate computation of profits and gains. en-us Tue, 05 Sep 2017 00:00:00 +0530 Tue, 21 Nov 2017 08:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351172 The tribunal partly allowed the Revenue's appeal, emphasizing the importance of examining the nature and genuineness of expenditures in accordance with the law, even when following the mercantile system of accounting. The judgment highlighted the need for a thorough assessment of expenses and adherence to accounting practices to ensure accurate computation of profits and gains. Case-Laws Income Tax Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351172