https://www.taxtmi.com/caselaws?id=408239 The Tribunal partially allowed the appeals by permitting a 20% adhoc disallowance for rent paid to the director's wife for a guest house leased for business purposes, citing established business nexus. The disallowed interest on security deposits paid to the director's wife was deleted as the Tribunal found the deposits were made from interest-free funds and were a normal business practice. en-us Wed, 02 Jun 2021 00:00:00 +0530 Fri, 04 Jun 2021 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408239 The Tribunal partially allowed the appeals by permitting a 20% adhoc disallowance for rent paid to the director's wife for a guest house leased for business purposes, citing established business nexus. The disallowed interest on security deposits paid to the director's wife was deleted as the Tribunal found the deposits were made from interest-free funds and were a normal business practice. Case-Laws Income Tax Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408239