https://www.taxtmi.com/caselaws?id=64673 The Tribunal upheld the allowance of the incentive bonus as a deduction, citing commercial expediency. However, it disallowed the rent for maintaining a guest house due to changes in the law and lack of evidence. The Tribunal partially allowed the claim for bad debts, disallowing those related to stock-in-trade issues. The admission fee to a club was allowed as a business expenditure. Depreciation on machinery was disallowed, as was the investment allowance on machinery cost. The final outcome favored the assessee, rejecting the Revenue's appeal and partially allowing the assessee's appeal and Cross Objection. en-us Wed, 19 Dec 1984 00:00:00 +0530 Wed, 09 Feb 2011 12:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64673 The Tribunal upheld the allowance of the incentive bonus as a deduction, citing commercial expediency. However, it disallowed the rent for maintaining a guest house due to changes in the law and lack of evidence. The Tribunal partially allowed the claim for bad debts, disallowing those related to stock-in-trade issues. The admission fee to a club was allowed as a business expenditure. Depreciation on machinery was disallowed, as was the investment allowance on machinery cost. The final outcome favored the assessee, rejecting the Revenue's appeal and partially allowing the assessee's appeal and Cross Objection. Case-Laws Income Tax Wed, 19 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64673