https://www.taxtmi.com/caselaws?id=796169 Business-promotion expenses were treated as business-related but only partly substantiated, resulting in restricted disallowance. Letter-of-credit charges and software-development expenditure were treated as allowable because partial capitalisation lacked a sustainable basis and a one-time payment alone did not establish capital character. Foreign-exchange loss, fixed-deposit interest additions, unsupported expenditure, gratuity provision and tax-payment claims remained disallowed for lack of reconciliations, accounts, supporting particulars or proof of payment. Ad hoc disallowances for engineering stores and printing and stationery were reduced as the original rate was excessive. Taxable income requires recomputation after giving effect to deleted, restricted and sustained disallowances. en-us Fri, 05 Jun 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796169 Business-promotion expenses were treated as business-related but only partly substantiated, resulting in restricted disallowance. Letter-of-credit charges and software-development expenditure were treated as allowable because partial capitalisation lacked a sustainable basis and a one-time payment alone did not establish capital character. Foreign-exchange loss, fixed-deposit interest additions, unsupported expenditure, gratuity provision and tax-payment claims remained disallowed for lack of reconciliations, accounts, supporting particulars or proof of payment. Ad hoc disallowances for engineering stores and printing and stationery were reduced as the original rate was excessive. Taxable income requires recomputation after giving effect to deleted, restricted and sustained disallowances. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796169