https://www.taxtmi.com/caselaws?id=64225 The Tribunal upheld the taxability of cash compensatory support and duty drawback as revenue receipts, citing retrospective amendments. The Tribunal ruled against the assessee on the taxability of profit on the sale of import entitlements and additional licenses. Various disallowances under different sections were either upheld or partially allowed, with specific expenses being deleted or reduced. The Tribunal also addressed issues related to perquisite value, traveling expenses, car hire charges, repairs and maintenance expenses, general expenses, notional interest, export market development expenses, foreign traveling expenses, guest house expenses, and deductions under Sections 80HH and 80-I. The Tribunal dismissed the Revenue's appeals regarding additions on account of directors' remuneration and staff welfare and Diwali expenses. en-us Tue, 30 Jul 1991 00:00:00 +0530 Sat, 05 Feb 2011 15:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64225 The Tribunal upheld the taxability of cash compensatory support and duty drawback as revenue receipts, citing retrospective amendments. The Tribunal ruled against the assessee on the taxability of profit on the sale of import entitlements and additional licenses. Various disallowances under different sections were either upheld or partially allowed, with specific expenses being deleted or reduced. The Tribunal also addressed issues related to perquisite value, traveling expenses, car hire charges, repairs and maintenance expenses, general expenses, notional interest, export market development expenses, foreign traveling expenses, guest house expenses, and deductions under Sections 80HH and 80-I. The Tribunal dismissed the Revenue's appeals regarding additions on account of directors' remuneration and staff welfare and Diwali expenses. Case-Laws Income Tax Tue, 30 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64225