https://www.taxtmi.com/caselaws?id=65212 The Tribunal allowed the appeal in part, directing reexamination and relief on specific issues. The disallowance of investment allowance on certain machinery was restored for reevaluation. The addition on account of cash assistance was rejected. The disallowance towards provision for doubtful debts and advances was upheld. The disallowance of entertainment expenses was partially allowed, with directions for appropriate relief. The disallowance on account of consumption of molds in the glass division was directed to be treated as revenue expenditure. The disallowance of investment allowance on increased cost due to foreign currency loans was upheld. The interest charged under section 216 was deleted. The set off of deficiency under section 80J was to be considered for a specific assessment year. en-us Thu, 06 Mar 1997 00:00:00 +0530 Mon, 14 Feb 2011 12:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65212 The Tribunal allowed the appeal in part, directing reexamination and relief on specific issues. The disallowance of investment allowance on certain machinery was restored for reevaluation. The addition on account of cash assistance was rejected. The disallowance towards provision for doubtful debts and advances was upheld. The disallowance of entertainment expenses was partially allowed, with directions for appropriate relief. The disallowance on account of consumption of molds in the glass division was directed to be treated as revenue expenditure. The disallowance of investment allowance on increased cost due to foreign currency loans was upheld. The interest charged under section 216 was deleted. The set off of deficiency under section 80J was to be considered for a specific assessment year. Case-Laws Income Tax Thu, 06 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65212