https://www.taxtmi.com/caselaws?id=755510 The Appellate Tribunal resolved the appeal by ruling against the Assessee on the first, fourth, and fifth issues, disallowing deductions for municipal taxes and repairs, excluding lease rent from business income, and upholding the reduction of interest from business income. However, the Tribunal ruled in favor of the Assessee on the second and third issues, allowing deductions for presentation articles and excluding scrap sale proceeds from total turnover. The decisions were guided by Supreme Court precedents. en-us Fri, 05 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755510 The Appellate Tribunal resolved the appeal by ruling against the Assessee on the first, fourth, and fifth issues, disallowing deductions for municipal taxes and repairs, excluding lease rent from business income, and upholding the reduction of interest from business income. However, the Tribunal ruled in favor of the Assessee on the second and third issues, allowing deductions for presentation articles and excluding scrap sale proceeds from total turnover. The decisions were guided by Supreme Court precedents. Case-Laws Income Tax Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755510