https://www.taxtmi.com/caselaws?id=56492 The Tribunal partially allowed the appeal of the assessee by upholding the disallowance of agency commission but reversing the disallowance of vehicle expenses and depreciation. The dispute over staff welfare expenses was resolved in favor of the assessee. The addition on account of recalculation of deduction under s. 80-IA was remitted back to the AO for exclusion of certain income components. The deletion of addition on account of GP was upheld, emphasizing that fluctuation in GP alone is not sufficient grounds for disallowance. The Tribunal dismissed the appeal of the Revenue and rejected the cross-objection filed by the assessee in support of the CIT(A)'s order. en-us Fri, 30 Sep 2005 00:00:00 +0530 Wed, 18 Jul 2012 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56492 The Tribunal partially allowed the appeal of the assessee by upholding the disallowance of agency commission but reversing the disallowance of vehicle expenses and depreciation. The dispute over staff welfare expenses was resolved in favor of the assessee. The addition on account of recalculation of deduction under s. 80-IA was remitted back to the AO for exclusion of certain income components. The deletion of addition on account of GP was upheld, emphasizing that fluctuation in GP alone is not sufficient grounds for disallowance. The Tribunal dismissed the appeal of the Revenue and rejected the cross-objection filed by the assessee in support of the CIT(A)'s order. Case-Laws Income Tax Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56492