https://www.taxtmi.com/caselaws?id=462529 ITAT Jalandhar upheld partial disallowance of expenditure on magazines and journals paid to sister concern. The tribunal found inconsistency in expense patterns across assessment years, with percentages ranging from 6.02% to 18.66% of turnover. Analyzing historical data, the tribunal determined that average expenses in preceding and succeeding years exceeded 10% of operating revenue. The tribunal directed AO to allow expenses up to 10% of total operating revenue and disallow only amounts exceeding this threshold, finding this approach fair and reasonable based on business patterns. en-us Thu, 17 Jan 2019 00:00:00 +0530 Sat, 28 Jun 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462529 ITAT Jalandhar upheld partial disallowance of expenditure on magazines and journals paid to sister concern. The tribunal found inconsistency in expense patterns across assessment years, with percentages ranging from 6.02% to 18.66% of turnover. Analyzing historical data, the tribunal determined that average expenses in preceding and succeeding years exceeded 10% of operating revenue. The tribunal directed AO to allow expenses up to 10% of total operating revenue and disallow only amounts exceeding this threshold, finding this approach fair and reasonable based on business patterns. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462529