https://www.taxtmi.com/caselaws?id=55862 The Tribunal partially allowed the appeal, reducing the disallowances of salary, commission, and interest after finding no justification for the disallowances under sections 40A(2) and 40A(3). The Tribunal emphasized the need for disallowances to be based on excessive or unreasonable expenditure and verified payment issues. The final disallowance amount for interest was adjusted to Rs. 4,555, directing the Income Tax Officer to modify the assessment accordingly. en-us Sun, 04 Mar 1984 00:00:00 +0530 Tue, 30 Nov 2010 14:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55862 The Tribunal partially allowed the appeal, reducing the disallowances of salary, commission, and interest after finding no justification for the disallowances under sections 40A(2) and 40A(3). The Tribunal emphasized the need for disallowances to be based on excessive or unreasonable expenditure and verified payment issues. The final disallowance amount for interest was adjusted to Rs. 4,555, directing the Income Tax Officer to modify the assessment accordingly. Case-Laws Income Tax Sun, 04 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55862