https://www.taxtmi.com/caselaws?id=64943 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal by the limited company. The Tribunal ruled in favor of restricting the expenditure on staff entertainment, disallowing part of the motor car running and maintenance expenses under sec. 37(3A) & (3D), and denying the excise duty liability under sec. 43B due to the provision of a bond not constituting actual payment as required by the law. en-us Thu, 24 May 1990 00:00:00 +0530 Fri, 11 Feb 2011 12:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64943 The Tribunal upheld the CIT(A)'s decision, dismissing the appeal by the limited company. The Tribunal ruled in favor of restricting the expenditure on staff entertainment, disallowing part of the motor car running and maintenance expenses under sec. 37(3A) & (3D), and denying the excise duty liability under sec. 43B due to the provision of a bond not constituting actual payment as required by the law. Case-Laws Income Tax Thu, 24 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64943