https://www.taxtmi.com/caselaws?id=371085 The Tribunal admitted the appeal for adjudication on merits due to a reasonable cause for the delay. The disallowance of 10% of business promotion and office expenses was upheld, the ad hoc disallowance of Rs. 40,000 for traveling expenses was deleted, and the disallowance of Rs. 11,90,195 under Section 40(a)(ia) was directed to be reconsidered based on verification of the NBFCs' income inclusion. The appeal was partly allowed. en-us Tue, 20 Nov 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371085 The Tribunal admitted the appeal for adjudication on merits due to a reasonable cause for the delay. The disallowance of 10% of business promotion and office expenses was upheld, the ad hoc disallowance of Rs. 40,000 for traveling expenses was deleted, and the disallowance of Rs. 11,90,195 under Section 40(a)(ia) was directed to be reconsidered based on verification of the NBFCs' income inclusion. The appeal was partly allowed. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371085