https://www.taxtmi.com/caselaws?id=63734 The Tribunal allowed the appeal in part, granting relief to the assessee on various grounds related to Section 35B of the IT Act. The Tribunal upheld the assessee's claim as a small scale industrial undertaking, allowing specific expenses such as melting weight loss, refining charges, staff welfare expenses, and financial expenses. The Tribunal also permitted the claim for the loss of money and traveling expenses while rejecting disallowances for staff welfare expenses deemed as entertainment. However, the investment allowance claim was not pressed and was consequently disallowed. en-us Thu, 02 Feb 1989 00:00:00 +0530 Tue, 01 Feb 2011 15:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63734 The Tribunal allowed the appeal in part, granting relief to the assessee on various grounds related to Section 35B of the IT Act. The Tribunal upheld the assessee's claim as a small scale industrial undertaking, allowing specific expenses such as melting weight loss, refining charges, staff welfare expenses, and financial expenses. The Tribunal also permitted the claim for the loss of money and traveling expenses while rejecting disallowances for staff welfare expenses deemed as entertainment. However, the investment allowance claim was not pressed and was consequently disallowed. Case-Laws Income Tax Thu, 02 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63734