https://www.taxtmi.com/caselaws?id=55852 The tribunal partly allowed the appeals, ruling in favor of the assessee on the allocation of expenditure against business income and income from other sources. It held that the entire expenditure should be allowed against income from business, rejecting the bifurcation done by the CIT (A). The tribunal also upheld previous decisions on the allocation of income from interest and the deduction of fees paid to the Chartered Accountant, allowing a sum of Rs. 2,000 for each year. en-us Thu, 28 Jul 1983 00:00:00 +0530 Tue, 30 Nov 2010 14:08:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55852 The tribunal partly allowed the appeals, ruling in favor of the assessee on the allocation of expenditure against business income and income from other sources. It held that the entire expenditure should be allowed against income from business, rejecting the bifurcation done by the CIT (A). The tribunal also upheld previous decisions on the allocation of income from interest and the deduction of fees paid to the Chartered Accountant, allowing a sum of Rs. 2,000 for each year. Case-Laws Income Tax Thu, 28 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55852