https://www.taxtmi.com/caselaws?id=393965 The tribunal partially allowed the appellant's appeal, upholding disallowances related to interest-free advances to a sister concern but directing the Assessing Officer to allow justified business expenditures like Pooja expenses and gift purchases. The tribunal also instructed the AO to permit donations made for business purposes. The judgment underscores the importance of commercial expediency and proper documentation in supporting transactions and expenses for tax purposes. en-us Fri, 13 Mar 2020 00:00:00 +0530 Thu, 26 Mar 2020 12:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393965 The tribunal partially allowed the appellant's appeal, upholding disallowances related to interest-free advances to a sister concern but directing the Assessing Officer to allow justified business expenditures like Pooja expenses and gift purchases. The tribunal also instructed the AO to permit donations made for business purposes. The judgment underscores the importance of commercial expediency and proper documentation in supporting transactions and expenses for tax purposes. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393965