https://www.taxtmi.com/caselaws?id=57087 The assessee's appeal was partly allowed, with disallowances on advertisement, car expenses, and telephone expenses being overturned. The Revenue's appeal challenging the allowance for advertisement and reduction in car and telephone expenses was dismissed entirely. The Tribunal upheld disallowances on interest paid to partners and the IT Department, as well as the denial of initial depreciation on new machinery. The overall outcome favored the assessee on several issues while upholding others against them. en-us Wed, 26 Aug 1981 00:00:00 +0530 Wed, 08 Dec 2010 14:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57087 The assessee's appeal was partly allowed, with disallowances on advertisement, car expenses, and telephone expenses being overturned. The Revenue's appeal challenging the allowance for advertisement and reduction in car and telephone expenses was dismissed entirely. The Tribunal upheld disallowances on interest paid to partners and the IT Department, as well as the denial of initial depreciation on new machinery. The overall outcome favored the assessee on several issues while upholding others against them. Case-Laws Income Tax Wed, 26 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57087