https://www.taxtmi.com/caselaws?id=65516 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80-O on a net basis for the assessment years 1994-95, 1995-96, and 1996-97. It validated the reassessment proceedings under Section 147, dismissing the assessee's challenge. The Tribunal confirmed the charging of interest under Sections 234A, 234B, and 234C. For the assessment year 2001-02, the Tribunal deleted the disallowance of foreign travel expenses and reduced the disallowance of telephone expenses, partly allowing the appeal on these grounds. en-us Fri, 17 Mar 2006 00:00:00 +0530 Wed, 16 Feb 2011 12:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65516 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80-O on a net basis for the assessment years 1994-95, 1995-96, and 1996-97. It validated the reassessment proceedings under Section 147, dismissing the assessee's challenge. The Tribunal confirmed the charging of interest under Sections 234A, 234B, and 234C. For the assessment year 2001-02, the Tribunal deleted the disallowance of foreign travel expenses and reduced the disallowance of telephone expenses, partly allowing the appeal on these grounds. Case-Laws Income Tax Fri, 17 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65516