https://www.taxtmi.com/caselaws?id=63213 The ITAT partly allowed the Revenue's appeal, upholding certain decisions of the CIT(A) while setting aside others. The ITAT disallowed weighted deductions for charges paid to export promotion councils and entertainment expenses without a direct nexus to business promotion. However, it upheld deductions for hospitality expenses for foreign buyers and traveling expenses under specific clauses of the IT Act. The ITAT also confirmed the allowance of entertainment expenditure for the New York Office and excluded cash payments of House Rent Allowance from the calculation of perquisites disallowance under section 40A(5). en-us Mon, 04 Dec 1989 00:00:00 +0530 Fri, 28 Jan 2011 15:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63213 The ITAT partly allowed the Revenue's appeal, upholding certain decisions of the CIT(A) while setting aside others. The ITAT disallowed weighted deductions for charges paid to export promotion councils and entertainment expenses without a direct nexus to business promotion. However, it upheld deductions for hospitality expenses for foreign buyers and traveling expenses under specific clauses of the IT Act. The ITAT also confirmed the allowance of entertainment expenditure for the New York Office and excluded cash payments of House Rent Allowance from the calculation of perquisites disallowance under section 40A(5). Case-Laws Income Tax Mon, 04 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63213