https://www.taxtmi.com/caselaws?id=431998 The Tribunal allowed the appeal, directing the deletion of disallowances for legal fees, service charges, and interest expenditure, recognizing these as legitimate business expenses or losses. The judgment emphasized that the nature of the expenses as business-related was not in dispute and that the eventual abandonment of the film project rendered the basis for the disallowances invalid. en-us Thu, 15 Sep 2022 00:00:00 +0530 Sat, 24 Dec 2022 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431998 The Tribunal allowed the appeal, directing the deletion of disallowances for legal fees, service charges, and interest expenditure, recognizing these as legitimate business expenses or losses. The judgment emphasized that the nature of the expenses as business-related was not in dispute and that the eventual abandonment of the film project rendered the basis for the disallowances invalid. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431998