https://www.taxtmi.com/caselaws?id=370131 The Tribunal allowed all grounds of appeal raised by the assessee, finding the additions made by the lower authorities unjustified. The disallowance of renovation expenses was deemed unjustified as they were incurred for the business purpose, resulting in an increase in Gross Profit rate. The disallowance under Section 40(a)(ia) related to advertisement expenses was deleted as the amount paid did not require TDS deduction. Additionally, the addition of lease rent income was considered revenue-neutral, leading to its deletion from the assessment. en-us Thu, 01 Nov 2018 00:00:00 +0530 Sat, 10 Nov 2018 07:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370131 The Tribunal allowed all grounds of appeal raised by the assessee, finding the additions made by the lower authorities unjustified. The disallowance of renovation expenses was deemed unjustified as they were incurred for the business purpose, resulting in an increase in Gross Profit rate. The disallowance under Section 40(a)(ia) related to advertisement expenses was deleted as the amount paid did not require TDS deduction. Additionally, the addition of lease rent income was considered revenue-neutral, leading to its deletion from the assessment. Case-Laws Income Tax Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370131