https://www.taxtmi.com/caselaws?id=64780 The assessee's appeals were partially allowed, with the Revenue's appeal being dismissed. The Tribunal directed the Assessing Officer to allow the deduction for sales tax collected but not deposited in the year of actual payment. The valuation of the perquisite value of the car was to be reworked based on Rule 3(c) of the IT Rules. The claim for proportionate salary for the period out of India was rejected. Compensation for termination of tenancy was considered a capital receipt. Various discounts and commissions were not treated as sales promotion expenses. Travel expenses for executives' wives were allowed. Other expenses and disallowances were also addressed in favor of the assessee. en-us Mon, 31 Oct 1994 00:00:00 +0530 Wed, 09 Feb 2011 17:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64780 The assessee's appeals were partially allowed, with the Revenue's appeal being dismissed. The Tribunal directed the Assessing Officer to allow the deduction for sales tax collected but not deposited in the year of actual payment. The valuation of the perquisite value of the car was to be reworked based on Rule 3(c) of the IT Rules. The claim for proportionate salary for the period out of India was rejected. Compensation for termination of tenancy was considered a capital receipt. Various discounts and commissions were not treated as sales promotion expenses. Travel expenses for executives' wives were allowed. Other expenses and disallowances were also addressed in favor of the assessee. Case-Laws Income Tax Mon, 31 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64780