https://www.taxtmi.com/caselaws?id=55525 The ITAT upheld the addition of interest income difference based on the mercantile system, dismissing the appeal against CIT(A)'s decision. The provision for extra commission was disallowed for lacking commercial justification, with the ITAT affirming the lower authorities' decision. The ITAT confirmed the addition on unaccounted advertisement expenses, adjusting the disallowance amount based on the agreement terms. Minor grounds raised by the assessee were also rejected, leading to the dismissal of the appeal in its entirety. en-us Wed, 21 Dec 1994 00:00:00 +0530 Sat, 27 Nov 2010 15:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55525 The ITAT upheld the addition of interest income difference based on the mercantile system, dismissing the appeal against CIT(A)'s decision. The provision for extra commission was disallowed for lacking commercial justification, with the ITAT affirming the lower authorities' decision. The ITAT confirmed the addition on unaccounted advertisement expenses, adjusting the disallowance amount based on the agreement terms. Minor grounds raised by the assessee were also rejected, leading to the dismissal of the appeal in its entirety. Case-Laws Income Tax Wed, 21 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55525