https://www.taxtmi.com/caselaws?id=428780 The Tribunal allowed all appeals, quashing additions and disallowances made by revenue authorities in a case involving legality of CIT(A) order, interest expense, section 40A(3) addition, share application money, telephone and vehicle expenses disallowance, and section 36(1)(iii) disallowance for AY 2014-15. The Tribunal emphasized consistency in accepting interest rates, genuineness of cash payments for freight, reliability of books of accounts over tax audit reports, minimal nature of expenses, and business use of funds. All additions were quashed, with orders pronounced on 22.09.2022. en-us Thu, 22 Sep 2022 00:00:00 +0530 Tue, 11 Oct 2022 10:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428780 The Tribunal allowed all appeals, quashing additions and disallowances made by revenue authorities in a case involving legality of CIT(A) order, interest expense, section 40A(3) addition, share application money, telephone and vehicle expenses disallowance, and section 36(1)(iii) disallowance for AY 2014-15. The Tribunal emphasized consistency in accepting interest rates, genuineness of cash payments for freight, reliability of books of accounts over tax audit reports, minimal nature of expenses, and business use of funds. All additions were quashed, with orders pronounced on 22.09.2022. Case-Laws Income Tax Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428780