https://www.taxtmi.com/caselaws?id=389327 The Tribunal partly allowed the appeal, condoning the delay in filing the appeal and proceeding to hear it on its merits. It directed the matter of disallowance of subvention expenses back to the Assessing Officer for fresh consideration, requiring proof of discounts given to customers. The disallowance of expenditure for setting up a new unit was upheld, as it was deemed not revenue expenditure. However, the addition of deemed interest on funds diverted to a sister concern was not confirmed, as the Tribunal found no diversion during the relevant assessment year and allowed this ground of appeal. en-us Mon, 02 Dec 2019 00:00:00 +0530 Thu, 05 Dec 2019 13:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389327 The Tribunal partly allowed the appeal, condoning the delay in filing the appeal and proceeding to hear it on its merits. It directed the matter of disallowance of subvention expenses back to the Assessing Officer for fresh consideration, requiring proof of discounts given to customers. The disallowance of expenditure for setting up a new unit was upheld, as it was deemed not revenue expenditure. However, the addition of deemed interest on funds diverted to a sister concern was not confirmed, as the Tribunal found no diversion during the relevant assessment year and allowed this ground of appeal. Case-Laws Income Tax Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389327