https://www.taxtmi.com/caselaws?id=379960 The Tribunal dismissed the disallowance of prior period expenses as not pressed by the assessee. Regarding the disallowance of notional interest on advances, the Tribunal deleted the disallowance, finding it unjustified due to the availability of sufficient interest-free funds. For the disallowance of commission expenses, the Tribunal overturned the CIT(A)'s decision and deleted the disallowance, as the genuineness of the expenditure was not in question. Ultimately, the Tribunal partly allowed the assessee's appeal, sustaining some disallowances while deleting others based on the specific circumstances of each issue. en-us Tue, 07 May 2019 00:00:00 +0530 Thu, 09 May 2019 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379960 The Tribunal dismissed the disallowance of prior period expenses as not pressed by the assessee. Regarding the disallowance of notional interest on advances, the Tribunal deleted the disallowance, finding it unjustified due to the availability of sufficient interest-free funds. For the disallowance of commission expenses, the Tribunal overturned the CIT(A)'s decision and deleted the disallowance, as the genuineness of the expenditure was not in question. Ultimately, the Tribunal partly allowed the assessee's appeal, sustaining some disallowances while deleting others based on the specific circumstances of each issue. Case-Laws Income Tax Tue, 07 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379960