https://www.taxtmi.com/caselaws?id=64017 The Tribunal partly allowed the assessee's appeal, overturning specific disallowances such as traveling expenses not subject to disallowance under Rule 6D and directing the allowance of certain expenses like business-related advertisement costs. However, disallowances for compensation paid for loss of office to directors were upheld as capital in nature and not wholly for business purposes. The AO was directed to provide consequential relief to the assessee regarding the charging of interest under Section 234. en-us Fri, 22 Jun 2001 00:00:00 +0530 Thu, 03 Feb 2011 11:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64017 The Tribunal partly allowed the assessee's appeal, overturning specific disallowances such as traveling expenses not subject to disallowance under Rule 6D and directing the allowance of certain expenses like business-related advertisement costs. However, disallowances for compensation paid for loss of office to directors were upheld as capital in nature and not wholly for business purposes. The AO was directed to provide consequential relief to the assessee regarding the charging of interest under Section 234. Case-Laws Income Tax Fri, 22 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64017