https://www.taxtmi.com/caselaws?id=64285 The Tribunal upheld the CIT(A)'s decision to allow the claim of a loss of Rs. 30,000 incurred due to theft during money transportation, stating it was incidental to the business. Relief was granted for the addition made under Section 43B, research and development expenses, interest disallowed for non-business purposes, and chit fund loss. However, disallowances were upheld for staff welfare expenses, repair and maintenance expenses, and foreign traveling expenses not related to the business. The Tribunal provided specific directions and remanded certain issues back to the AO for further consideration with proper evidence. en-us Fri, 14 Aug 1998 00:00:00 +0530 Sat, 05 Feb 2011 18:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64285 The Tribunal upheld the CIT(A)'s decision to allow the claim of a loss of Rs. 30,000 incurred due to theft during money transportation, stating it was incidental to the business. Relief was granted for the addition made under Section 43B, research and development expenses, interest disallowed for non-business purposes, and chit fund loss. However, disallowances were upheld for staff welfare expenses, repair and maintenance expenses, and foreign traveling expenses not related to the business. The Tribunal provided specific directions and remanded certain issues back to the AO for further consideration with proper evidence. Case-Laws Income Tax Fri, 14 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64285