https://www.taxtmi.com/caselaws?id=410701 The Tribunal partly allowed the appeal, deleting disallowances including those under Section 14A for lack of exempt income, on account of increased net profit based on turnover, for business promotion and advertisement expenses, on depreciation for Apple LED Cinema, rent paid to related parties, and 10% of various expenditures. Disallowances for director's medical expenses were upheld. The Tribunal found expenses to be business-related and reasonable, in line with legal provisions, leading to the deletion of several disallowances. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410701 The Tribunal partly allowed the appeal, deleting disallowances including those under Section 14A for lack of exempt income, on account of increased net profit based on turnover, for business promotion and advertisement expenses, on depreciation for Apple LED Cinema, rent paid to related parties, and 10% of various expenditures. Disallowances for director's medical expenses were upheld. The Tribunal found expenses to be business-related and reasonable, in line with legal provisions, leading to the deletion of several disallowances. Case-Laws Income Tax Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410701