https://www.taxtmi.com/caselaws?id=277691 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete ad hoc disallowances and the addition for belated PF and ESIC payments. The Revenue's appeal was dismissed, emphasizing that expenses must be wholly for business purposes to be allowable under section 37(1) of the Act, citing commercial expediency and direct benefit to trade as crucial factors. en-us Wed, 08 Feb 2012 00:00:00 +0530 Tue, 18 Dec 2018 11:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277691 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete ad hoc disallowances and the addition for belated PF and ESIC payments. The Revenue's appeal was dismissed, emphasizing that expenses must be wholly for business purposes to be allowable under section 37(1) of the Act, citing commercial expediency and direct benefit to trade as crucial factors. Case-Laws Income Tax Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277691