https://www.taxtmi.com/caselaws?id=65579 The Tribunal upheld the disallowance of 10% of telephone expenses due to potential personal use. Disallowances of generator and staff welfare expenses were overturned for lack of specific unsupported expenses. The disallowance of foreign travel expenses was reduced to 5% recognizing business purposes. Business promotion expenses were restricted to Rs. 1,00,000. The Tribunal directed recalculation of deduction u/s 80HHC for interest income. Interest expense disallowance was overturned. The matter of deduction u/s 80HHC was set aside for reprocessing based on an amendment. The appeal was partially allowed with specific directions for reconsideration. en-us Fri, 18 Jan 2008 00:00:00 +0530 Wed, 16 Feb 2011 17:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65579 The Tribunal upheld the disallowance of 10% of telephone expenses due to potential personal use. Disallowances of generator and staff welfare expenses were overturned for lack of specific unsupported expenses. The disallowance of foreign travel expenses was reduced to 5% recognizing business purposes. Business promotion expenses were restricted to Rs. 1,00,000. The Tribunal directed recalculation of deduction u/s 80HHC for interest income. Interest expense disallowance was overturned. The matter of deduction u/s 80HHC was set aside for reprocessing based on an amendment. The appeal was partially allowed with specific directions for reconsideration. Case-Laws Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65579