https://www.taxtmi.com/caselaws?id=383920 The Tax Appeal was dismissed as the Court found no legal basis to overturn the Tribunal's decisions. The Court upheld the treatment of expenses on consumption and replacement of stores and spares as revenue expenditure, considered loss on sale of fertilizer bonds as a business loss, and deemed commission payments to dealers not subject to disallowance under section 40(a)(ia). The Court concluded that the issues raised did not present novel legal questions, leading to the dismissal of the appeal. en-us Mon, 29 Jul 2019 00:00:00 +0530 Fri, 02 Aug 2019 06:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383920 The Tax Appeal was dismissed as the Court found no legal basis to overturn the Tribunal's decisions. The Court upheld the treatment of expenses on consumption and replacement of stores and spares as revenue expenditure, considered loss on sale of fertilizer bonds as a business loss, and deemed commission payments to dealers not subject to disallowance under section 40(a)(ia). The Court concluded that the issues raised did not present novel legal questions, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 29 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383920