https://www.taxtmi.com/caselaws?id=416581 The Court upheld the disallowance of expenditure incurred on aircrafts, commission to non-residents, and interest amount given to subsidiary companies for non-business purposes. However, the disallowance of professional charges to non-residents, advertisement expenses, and expenses related to earning dividend income and tax-free interest were rejected. The Court also dismissed the disallowance of commission and sitting fees to directors without deducting tax at source. Overall, the appeal filed by the revenue was dismissed, and the application for stay was also rejected. en-us Thu, 16 Dec 2021 00:00:00 +0530 Sat, 01 Jan 2022 08:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416581 The Court upheld the disallowance of expenditure incurred on aircrafts, commission to non-residents, and interest amount given to subsidiary companies for non-business purposes. However, the disallowance of professional charges to non-residents, advertisement expenses, and expenses related to earning dividend income and tax-free interest were rejected. The Court also dismissed the disallowance of commission and sitting fees to directors without deducting tax at source. Overall, the appeal filed by the revenue was dismissed, and the application for stay was also rejected. Case-Laws Income Tax Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416581