https://www.taxtmi.com/caselaws?id=64791 The appeals were allowed in part by the Tribunal, providing specific directions to the Assessing Officer on various issues. The Tribunal directed the AO to calculate the car perquisite value in accordance with IT Rules, allowed certain entertainment expenses, disallowed provision for replacement of defective goods, and directed verification of sales-tax payments for deduction under Section 43B. Additionally, the Tribunal upheld taxability of sundry creditors returned back under Section 41(1) and clarified the chargeability of interest under Sections 216 and 215. en-us Thu, 26 Jun 1997 00:00:00 +0530 Wed, 09 Feb 2011 18:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64791 The appeals were allowed in part by the Tribunal, providing specific directions to the Assessing Officer on various issues. The Tribunal directed the AO to calculate the car perquisite value in accordance with IT Rules, allowed certain entertainment expenses, disallowed provision for replacement of defective goods, and directed verification of sales-tax payments for deduction under Section 43B. Additionally, the Tribunal upheld taxability of sundry creditors returned back under Section 41(1) and clarified the chargeability of interest under Sections 216 and 215. Case-Laws Income Tax Thu, 26 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64791