https://www.taxtmi.com/caselaws?id=65472 The Tribunal allowed the assessee's additional ground for non-refundable tooling advance as a revenue deduction, disallowing some gifts and advertisement expenditure while partially allowing others. Traveling expenditure was dismissed, and the Tribunal determined the percentage of employees' participation in entertainment expenditure. Deductions under Sections 80HH and 80-I were denied for certain profits but allowed for others. Excise duty and sales tax were excluded from total turnover for Section 80HHC deduction. The Tribunal upheld investment allowance on foreign exchange fluctuation and excluded excise duty from closing stock value. Guest house expenses were disallowed, increased depreciation was allowed, and payments to related entities were deemed justified. en-us Fri, 21 Apr 2006 00:00:00 +0530 Tue, 15 Feb 2011 18:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65472 The Tribunal allowed the assessee's additional ground for non-refundable tooling advance as a revenue deduction, disallowing some gifts and advertisement expenditure while partially allowing others. Traveling expenditure was dismissed, and the Tribunal determined the percentage of employees' participation in entertainment expenditure. Deductions under Sections 80HH and 80-I were denied for certain profits but allowed for others. Excise duty and sales tax were excluded from total turnover for Section 80HHC deduction. The Tribunal upheld investment allowance on foreign exchange fluctuation and excluded excise duty from closing stock value. Guest house expenses were disallowed, increased depreciation was allowed, and payments to related entities were deemed justified. Case-Laws Income Tax Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65472