https://www.taxtmi.com/caselaws?id=386865 The Tribunal upheld the decisions of the Ld. CIT (Appeals) in dismissing disallowances and additions made by the assessing officer for both assessment years. The disallowance of interest expenditure was deleted as the commercial expediency was established. The disallowance of subscription payments was overturned due to lack of specific details. The disallowance of interest on service tax was deleted based on compensatory nature. Additionally, the disallowance of payments made to retired partners was rejected as they were in accordance with the partnership deed. The Tribunal found no grounds to interfere with the Ld. CIT (Appeals)'s decisions. en-us Tue, 01 Oct 2019 00:00:00 +0530 Wed, 09 Oct 2019 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386865 The Tribunal upheld the decisions of the Ld. CIT (Appeals) in dismissing disallowances and additions made by the assessing officer for both assessment years. The disallowance of interest expenditure was deleted as the commercial expediency was established. The disallowance of subscription payments was overturned due to lack of specific details. The disallowance of interest on service tax was deleted based on compensatory nature. Additionally, the disallowance of payments made to retired partners was rejected as they were in accordance with the partnership deed. The Tribunal found no grounds to interfere with the Ld. CIT (Appeals)'s decisions. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386865