https://www.taxtmi.com/caselaws?id=351915 The Tribunal ruled in favor of the assessee, allowing the appeal for statistical purposes and partly allowing the Revenue's appeal. The issues regarding non-business expenses and petrol, diesel, and CNG expenses were remanded to the AO for fresh examination. The disallowance of prepaid insurance expenses was upheld based on consistent accounting methods and legal precedent. en-us Tue, 28 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351915 The Tribunal ruled in favor of the assessee, allowing the appeal for statistical purposes and partly allowing the Revenue's appeal. The issues regarding non-business expenses and petrol, diesel, and CNG expenses were remanded to the AO for fresh examination. The disallowance of prepaid insurance expenses was upheld based on consistent accounting methods and legal precedent. Case-Laws Income Tax Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351915