https://www.taxtmi.com/caselaws?id=64776 ITAT Delhi discussed multiple income-tax disallowance and valuation issues, including managerial perquisites, foreign salary, closing stock valuation, entertainment and sales promotion expenses, foreign travel, statutory liabilities, guest-house and telephone apportionment, and miscellaneous/project-expansion . It applied earlier-year and Special Bench rulings to direct apportionment of transit-house and office-use expenses, allow exclusion of excise duty from closing stock and recognise direct-cost valuation, treat selling agents' commission as trading expenditure, and grant partial relief on foreign travel and guest-house claims. It sustained some disallowances, including foreign salary abroad, spouse travel, and sales tax until actual payment, while allowing several statutory and welfare-related expenditures. en-us Thu, 30 Jun 1994 00:00:00 +0530 Wed, 09 Feb 2011 17:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64776 ITAT Delhi discussed multiple income-tax disallowance and valuation issues, including managerial perquisites, foreign salary, closing stock valuation, entertainment and sales promotion expenses, foreign travel, statutory liabilities, guest-house and telephone apportionment, and miscellaneous/project-expansion . It applied earlier-year and Special Bench rulings to direct apportionment of transit-house and office-use expenses, allow exclusion of excise duty from closing stock and recognise direct-cost valuation, treat selling agents' commission as trading expenditure, and grant partial relief on foreign travel and guest-house claims. It sustained some disallowances, including foreign salary abroad, spouse travel, and sales tax until actual payment, while allowing several statutory and welfare-related expenditures. Case-Laws Income Tax Thu, 30 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64776