https://www.taxtmi.com/caselaws?id=66275 The appeal was partly allowed, with certain disallowances and additions being confirmed, while others were deleted based on legal precedents and the specific facts of the case. The disallowance of traveling expenses exceeding the allowable limit was upheld, but entertainment expenses were allowed as legitimate business expenditure. Expenditure on Dasara mamools paid to staff was considered admissible. The disallowance of remuneration to directors was confirmed, and the allowable amount was limited. The addition for the cost of replacement of an old boiler stood. However, the disallowance of motor car expenses was deleted, and only the assessee's share of the premium on the sale of import entitlements was included in its total income. en-us Tue, 02 Aug 1977 00:00:00 +0530 Wed, 23 Feb 2011 12:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66275 The appeal was partly allowed, with certain disallowances and additions being confirmed, while others were deleted based on legal precedents and the specific facts of the case. The disallowance of traveling expenses exceeding the allowable limit was upheld, but entertainment expenses were allowed as legitimate business expenditure. Expenditure on Dasara mamools paid to staff was considered admissible. The disallowance of remuneration to directors was confirmed, and the allowable amount was limited. The addition for the cost of replacement of an old boiler stood. However, the disallowance of motor car expenses was deleted, and only the assessee's share of the premium on the sale of import entitlements was included in its total income. Case-Laws Income Tax Tue, 02 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66275