https://www.taxtmi.com/caselaws?id=57516 The Tribunal upheld the CIT(A)'s decisions on the allowability of payments made to McDowell, interest payments, and sales-tax liability. The matter of depreciation claims was remitted back to the AO for factual verification. The Tribunal concluded that the expenses were incurred for genuine business purposes and were allowable under the relevant provisions of the Income-tax Act. en-us Tue, 13 Feb 1996 00:00:00 +0530 Fri, 10 Dec 2010 15:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57516 The Tribunal upheld the CIT(A)'s decisions on the allowability of payments made to McDowell, interest payments, and sales-tax liability. The matter of depreciation claims was remitted back to the AO for factual verification. The Tribunal concluded that the expenses were incurred for genuine business purposes and were allowable under the relevant provisions of the Income-tax Act. Case-Laws Income Tax Tue, 13 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57516