https://www.taxtmi.com/caselaws?id=388406 The Tribunal upheld the CIT(A)'s decision to delete additions related to interest paid, rent expenses, and compensation expenses, as well as the non-disclosure of maintenance income. The Tribunal found that the expenses were incurred for business purposes and were allowable under Section 37 of the I.T. Act. The Revenue's appeal was dismissed, emphasizing the verifiability of payments and the bona fide nature of the assessee's actions. en-us Thu, 07 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 18:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388406 The Tribunal upheld the CIT(A)'s decision to delete additions related to interest paid, rent expenses, and compensation expenses, as well as the non-disclosure of maintenance income. The Tribunal found that the expenses were incurred for business purposes and were allowable under Section 37 of the I.T. Act. The Revenue's appeal was dismissed, emphasizing the verifiability of payments and the bona fide nature of the assessee's actions. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388406