https://www.taxtmi.com/caselaws?id=64775 The tribunal overturned the disallowance of excess interest payment to directors, citing past practices. It also reversed the disallowance of repair expenses treated as capital expenditure, recognizing them as revenue expenses. Additionally, the tribunal annulled the disallowance of claimed travelling expenses, deeming it unjustified. The disallowance under section 80HHC was remanded for reassessment based on evidence provided. Regarding the applicability of sections 215/217 on interest payable, the tribunal deferred to the Assessing Officer for further review. Ground Nos. 6 and 7 were rejected, resulting in a partial allowance of the appeal. en-us Thu, 23 Feb 1995 00:00:00 +0530 Wed, 04 Jan 2017 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64775 The tribunal overturned the disallowance of excess interest payment to directors, citing past practices. It also reversed the disallowance of repair expenses treated as capital expenditure, recognizing them as revenue expenses. Additionally, the tribunal annulled the disallowance of claimed travelling expenses, deeming it unjustified. The disallowance under section 80HHC was remanded for reassessment based on evidence provided. Regarding the applicability of sections 215/217 on interest payable, the tribunal deferred to the Assessing Officer for further review. Ground Nos. 6 and 7 were rejected, resulting in a partial allowance of the appeal. Case-Laws Income Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64775