https://www.taxtmi.com/caselaws?id=409952 The ITAT partially allowed the appeal, overturning disallowances made by lower authorities. The disallowance under section 14A was deleted as no tax-free income was earned. Deductions for keyman and employee insurance premiums were allowed under section 37(1). Commission expenditure disallowance was upheld for one recipient due to lack of evidence but allowed for another who introduced customers. Disallowance of interest expenditure was deleted as interest-free funds exceeded the investment. en-us Wed, 14 Jul 2021 00:00:00 +0530 Tue, 20 Jul 2021 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409952 The ITAT partially allowed the appeal, overturning disallowances made by lower authorities. The disallowance under section 14A was deleted as no tax-free income was earned. Deductions for keyman and employee insurance premiums were allowed under section 37(1). Commission expenditure disallowance was upheld for one recipient due to lack of evidence but allowed for another who introduced customers. Disallowance of interest expenditure was deleted as interest-free funds exceeded the investment. Case-Laws Income Tax Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409952