https://www.taxtmi.com/caselaws?id=388332 The tribunal ruled in favor of the appellant, a provider of architectural services, in a case involving the disallowance of interest on borrowings and expenses on vehicle running & maintenance. The tribunal found that the disallowances were unjustified both legally and factually. It allowed the appeal, setting aside the disallowances, emphasizing the importance of commercial expediency in justifying expenses and the necessity of specific defects to uphold disallowances. en-us Wed, 30 Oct 2019 00:00:00 +0530 Wed, 13 Nov 2019 10:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388332 The tribunal ruled in favor of the appellant, a provider of architectural services, in a case involving the disallowance of interest on borrowings and expenses on vehicle running & maintenance. The tribunal found that the disallowances were unjustified both legally and factually. It allowed the appeal, setting aside the disallowances, emphasizing the importance of commercial expediency in justifying expenses and the necessity of specific defects to uphold disallowances. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388332