https://www.taxtmi.com/caselaws?id=305570 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) on all issues except for a partial modification in the disallowance under Section 14A, partly allowing the revenue's appeal. The Tribunal found that the expenses for foreign travel, additional depreciation, and commission payments were justified and necessary for business purposes, supported by documentation and judicial precedents. The disallowance under Section 14A was restricted to Rs 1,486, in line with the exempt income earned. en-us Wed, 16 Aug 2017 00:00:00 +0530 Tue, 13 Dec 2022 08:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305570 The Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) on all issues except for a partial modification in the disallowance under Section 14A, partly allowing the revenue's appeal. The Tribunal found that the expenses for foreign travel, additional depreciation, and commission payments were justified and necessary for business purposes, supported by documentation and judicial precedents. The disallowance under Section 14A was restricted to Rs 1,486, in line with the exempt income earned. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305570