https://www.taxtmi.com/caselaws?id=360453 The Tribunal partly allowed the appeal, remanding several issues to the AO for further review. The disallowance of sundry balances as capital loss was reversed, with advances and deposits considered business expenses. The disallowance of license fees was referred back for detailed examination of payment nature. Society maintenance charges disallowance was sent for expense verification, and legal expenses disallowance for document verification. The Tribunal stressed the importance of scrutinizing claimed expenses and liabilities thoroughly. en-us Mon, 14 May 2018 00:00:00 +0530 Thu, 17 May 2018 05:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360453 The Tribunal partly allowed the appeal, remanding several issues to the AO for further review. The disallowance of sundry balances as capital loss was reversed, with advances and deposits considered business expenses. The disallowance of license fees was referred back for detailed examination of payment nature. Society maintenance charges disallowance was sent for expense verification, and legal expenses disallowance for document verification. The Tribunal stressed the importance of scrutinizing claimed expenses and liabilities thoroughly. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360453