https://www.taxtmi.com/caselaws?id=375655 The Court upheld the Tribunal's decision to allow the expenditure on sub-brokerage charges, emphasizing evidence of payment and services rendered. It also overturned the disallowance of 50% of sub-brokerage charges paid to related parties, finding no evidence of excessive payment. Additionally, the Court supported the Tribunal's deletion of disallowed interest expenses, noting the company's sufficient interest-free funds. The Court dismissed the Income Tax appeals, ruling no legal issues to intervene with the Tribunal's orders on the sub-brokerage charges and interest expenses issues. en-us Tue, 12 Feb 2019 00:00:00 +0530 Fri, 22 Feb 2019 06:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375655 The Court upheld the Tribunal's decision to allow the expenditure on sub-brokerage charges, emphasizing evidence of payment and services rendered. It also overturned the disallowance of 50% of sub-brokerage charges paid to related parties, finding no evidence of excessive payment. Additionally, the Court supported the Tribunal's deletion of disallowed interest expenses, noting the company's sufficient interest-free funds. The Court dismissed the Income Tax appeals, ruling no legal issues to intervene with the Tribunal's orders on the sub-brokerage charges and interest expenses issues. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375655