https://www.taxtmi.com/caselaws?id=375908 The Tribunal allowed the entire deduction for consultancy charges, remanded the addition on account of advances from customers for reconsideration, remanded the disallowance of capital expenditure for fresh adjudication, directed TDS credit to be granted, remanded the addition on account of sundry balances written off, remanded the disallowance for non-deduction of TDS, upheld disallowance under Section 40A(3) in part, deleted the addition of notional interest on advances, deleted the addition of long outstanding imprest, deleted the disallowance of interest expenditure, deleted the addition on account of development charges, remanded the addition of certain business and administrative expenditure, remanded the disallowance of commission and brokerage expenses, remanded the disallowance of advertisement and sales promotion expenses, remanded the disallowance of prior period expenses, remanded the disallowance of business and administrative expenditure without documentary evidence, deleted the disallowance of interest on indirect tax, remanded the disallowance of consultancy charges paid to Air One Aviation Pvt. Ltd., upheld the disallowance of professional charges for defending a criminal case, and deleted the taxability under Section 28(iv) and Section 56(2)(viia) due to a composite scheme of arrangement and amalgamation. en-us Fri, 22 Feb 2019 00:00:00 +0530 Sat, 18 Apr 2026 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375908 The Tribunal allowed the entire deduction for consultancy charges, remanded the addition on account of advances from customers for reconsideration, remanded the disallowance of capital expenditure for fresh adjudication, directed TDS credit to be granted, remanded the addition on account of sundry balances written off, remanded the disallowance for non-deduction of TDS, upheld disallowance under Section 40A(3) in part, deleted the addition of notional interest on advances, deleted the addition of long outstanding imprest, deleted the disallowance of interest expenditure, deleted the addition on account of development charges, remanded the addition of certain business and administrative expenditure, remanded the disallowance of commission and brokerage expenses, remanded the disallowance of advertisement and sales promotion expenses, remanded the disallowance of prior period expenses, remanded the disallowance of business and administrative expenditure without documentary evidence, deleted the disallowance of interest on indirect tax, remanded the disallowance of consultancy charges paid to Air One Aviation Pvt. Ltd., upheld the disallowance of professional charges for defending a criminal case, and deleted the taxability under Section 28(iv) and Section 56(2)(viia) due to a composite scheme of arrangement and amalgamation. Case-Laws Income Tax Fri, 22 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375908