https://www.taxtmi.com/caselaws?id=405340 The Tribunal upheld the deletion of additions made by the Assessing Officer concerning proportionate interest in shares, advance to subsidiaries from borrowed funds, and staff welfare expenses. The Tribunal partially allowed the Revenue's appeal by restricting the disallowance of advertisement expenses to 2%. The order was pronounced on 15th March 2021. en-us Mon, 15 Mar 2021 00:00:00 +0530 Thu, 18 Mar 2021 09:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405340 The Tribunal upheld the deletion of additions made by the Assessing Officer concerning proportionate interest in shares, advance to subsidiaries from borrowed funds, and staff welfare expenses. The Tribunal partially allowed the Revenue's appeal by restricting the disallowance of advertisement expenses to 2%. The order was pronounced on 15th March 2021. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405340