https://www.taxtmi.com/caselaws?id=296018 The ITAT allowed the appeal for the assessee firm, deleting disallowances of various expenses for assessment years 2004-05, 2005-06, and 2006-07, including telephone, miscellaneous, conveyance, motor car, depreciation on motor car, and traveling expenses. The ITAT also directed the AO to reconsider the disallowance of interest on bank overdrafts under section 14A in accordance with a High Court judgment, resulting in the appeals for AY 2004-05 and 2005-06 being allowed, and the appeal for AY 2006-07 treated as allowed for statistical purposes. en-us Fri, 27 May 2011 00:00:00 +0530 Wed, 30 Jun 2021 11:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296018 The ITAT allowed the appeal for the assessee firm, deleting disallowances of various expenses for assessment years 2004-05, 2005-06, and 2006-07, including telephone, miscellaneous, conveyance, motor car, depreciation on motor car, and traveling expenses. The ITAT also directed the AO to reconsider the disallowance of interest on bank overdrafts under section 14A in accordance with a High Court judgment, resulting in the appeals for AY 2004-05 and 2005-06 being allowed, and the appeal for AY 2006-07 treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296018