Dismissing the appeal of the revenue, deletion of addition\u00a0 for variation in rate charged for defective or second quality Tyres of different units\u00a0 is held to be justified. Reduction of disallowance of general expenses is a question of fact. Restricting the disallowance of rent to 50% in respect of rent to other companies having same chairman and managing director is held to be justified. Commission paid by suppliers of assessee to investment companies which are assessed in the assessment of investment companies cannot be assessed in the hands of the assessee. (AY. 1994-95)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 37(1) : Business expenditure-Variation in quality or defective goods\u2013No addition can be made-General expenses\u2013Reduction of expenses\u2013Rent to other companies\u2013Same management\u2013 Commission paid to investment companies\u2013Amount cannot be assessed in the hands of the assessee.[S. 4]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7606","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1YG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=7606"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7606\/revisions"}],"predecessor-version":[{"id":7607,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7606\/revisions\/7607"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}