https://www.taxtmi.com/caselaws?id=64646 The appeal was partly allowed in this case. The disallowances under section 40A(8) of the IT Act, 1961, and for car expenses and depreciation for company cars were deleted. However, the issue regarding the disallowance of directors' travelling expenses was remanded for further investigation. The Tribunal ruled in favor of the taxpayer on the disallowances related to section 40A(8) and car expenses, emphasizing the commercial nature of the transactions and the separate entity status of the company from its directors. en-us Thu, 17 Jul 1980 00:00:00 +0530 Wed, 09 Feb 2011 11:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64646 The appeal was partly allowed in this case. The disallowances under section 40A(8) of the IT Act, 1961, and for car expenses and depreciation for company cars were deleted. However, the issue regarding the disallowance of directors' travelling expenses was remanded for further investigation. The Tribunal ruled in favor of the taxpayer on the disallowances related to section 40A(8) and car expenses, emphasizing the commercial nature of the transactions and the separate entity status of the company from its directors. Case-Laws Income Tax Thu, 17 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64646