https://www.taxtmi.com/caselaws?id=304234 The Tribunal allowed the assessee's appeal, setting aside the lower authorities' orders and deleting the disallowances and additions contested. The disallowance of Rs. 1,97,580 as capital expenditure was overturned as the expenses were found to be revenue in nature and for business purposes. Similarly, the disallowance of vehicle running expenses and freight, cartage expenses was deemed adhoc and unsupported, leading to their deletion. Additionally, the addition of Rs. 64,881 under section 40A(2)(b) of the IT Act for interest on unsecured loans was removed, considering the reasonable business needs and conditions. en-us Tue, 16 Apr 2013 00:00:00 +0530 Wed, 14 Sep 2022 12:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304234 The Tribunal allowed the assessee's appeal, setting aside the lower authorities' orders and deleting the disallowances and additions contested. The disallowance of Rs. 1,97,580 as capital expenditure was overturned as the expenses were found to be revenue in nature and for business purposes. Similarly, the disallowance of vehicle running expenses and freight, cartage expenses was deemed adhoc and unsupported, leading to their deletion. Additionally, the addition of Rs. 64,881 under section 40A(2)(b) of the IT Act for interest on unsecured loans was removed, considering the reasonable business needs and conditions. Case-Laws Income Tax Tue, 16 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304234