https://www.taxtmi.com/caselaws?id=310479 The Tribunal addressed two main issues regarding expense disallowances. For the 'Selling & Administrative' expenses, the Tribunal remanded the case, instructing verification of bills and vouchers, allowing the appeal for statistical purposes. Regarding 'Discount and Rebates', the Tribunal found no discrepancies in the appellant's books and attributed the increase in rebates to business restructuring. It directed the deletion of the 10% ad-hoc disallowance, thus allowing the appellant's appeal. en-us Mon, 19 Feb 2018 00:00:00 +0530 Fri, 27 Oct 2023 09:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310479 The Tribunal addressed two main issues regarding expense disallowances. For the 'Selling & Administrative' expenses, the Tribunal remanded the case, instructing verification of bills and vouchers, allowing the appeal for statistical purposes. Regarding 'Discount and Rebates', the Tribunal found no discrepancies in the appellant's books and attributed the increase in rebates to business restructuring. It directed the deletion of the 10% ad-hoc disallowance, thus allowing the appellant's appeal. Case-Laws Income Tax Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310479