https://www.taxtmi.com/caselaws?id=278684 Film preview expenditure incurred before release was treated as routine business expenditure and allowed where identical expenditure had been allowed in an earlier year. Legal expenses and the disallowance relating to exempt-income investments required fresh examination of supporting facts, including own funds, strategic investments and exempt income. Foreign travel expenditure remained disallowed for lack of evidence of business purpose. An ad hoc disallowance for alleged personal use of company expenses was not sustainable without item-wise defects. Interest disallowance was deleted because own funds exceeded subsidiary advances made for business expediency, and no notional-interest transfer pricing adjustment arose from business routing through a subsidiary that did not create an international transaction. en-us Wed, 09 Dec 2015 00:00:00 +0530 Mon, 18 Feb 2019 06:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278684 Film preview expenditure incurred before release was treated as routine business expenditure and allowed where identical expenditure had been allowed in an earlier year. Legal expenses and the disallowance relating to exempt-income investments required fresh examination of supporting facts, including own funds, strategic investments and exempt income. Foreign travel expenditure remained disallowed for lack of evidence of business purpose. An ad hoc disallowance for alleged personal use of company expenses was not sustainable without item-wise defects. Interest disallowance was deleted because own funds exceeded subsidiary advances made for business expediency, and no notional-interest transfer pricing adjustment arose from business routing through a subsidiary that did not create an international transaction. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278684