https://www.taxtmi.com/caselaws?id=65198 The Tribunal upheld the disallowance of Rs. 23,499 under section 40A(8) for interest paid on hundies and delayed payment of bills. It allowed certain expenses related to the previous year but upheld disallowance of Rs. 46,491. Disallowances under sections 37(3A) and 43B were partially confirmed. Disallowance of vehicle maintenance expenses for personal use by Directors was deleted. The deduction under section 80J was rejected. The Revenue's appeal was dismissed regarding various grounds, including additional additions and relief granted. Overall, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. en-us Wed, 21 Oct 1992 00:00:00 +0530 Mon, 14 Feb 2011 11:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65198 The Tribunal upheld the disallowance of Rs. 23,499 under section 40A(8) for interest paid on hundies and delayed payment of bills. It allowed certain expenses related to the previous year but upheld disallowance of Rs. 46,491. Disallowances under sections 37(3A) and 43B were partially confirmed. Disallowance of vehicle maintenance expenses for personal use by Directors was deleted. The deduction under section 80J was rejected. The Revenue's appeal was dismissed regarding various grounds, including additional additions and relief granted. Overall, the assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 21 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65198