https://www.taxtmi.com/caselaws?id=63209 Section 144B did not prevent the IAC or appellate authority from entertaining objections raised during the hearing, and the right of appeal under section 246 remained available even if no objection had been raised before the assessing officer. Guest house and catering expenses were not fully disallowable where the record supported only a reasonable estimate, so partial disallowance alone was justified. Interest paid to directors was treated as deposits and upheld as disallowable under section 40A(8) on the facts recorded. Cane research and development es were fully supported by vouchers, so the further disallowance was deleted. en-us Mon, 11 Dec 1989 00:00:00 +0530 Fri, 28 Jan 2011 13:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63209 Section 144B did not prevent the IAC or appellate authority from entertaining objections raised during the hearing, and the right of appeal under section 246 remained available even if no objection had been raised before the assessing officer. Guest house and catering expenses were not fully disallowable where the record supported only a reasonable estimate, so partial disallowance alone was justified. Interest paid to directors was treated as deposits and upheld as disallowable under section 40A(8) on the facts recorded. Cane research and development es were fully supported by vouchers, so the further disallowance was deleted. Case-Laws Income Tax Mon, 11 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63209