https://www.taxtmi.com/caselaws?id=67484 The Tribunal partly allowed the appeal filed by the assessee, providing relief on issues related to suppression of production and sales, and disallowance of expenditure as entertainment expenses. The Tribunal concluded that there was no evidence of suppressed sales or production, thus no addition was warranted. Expenditure on gifts or presentations was allowed under section 37(1) as it was incurred wholly and exclusively for business purposes. The issue of disallowance u/s 40A(9) was restored for fresh consideration by the AO, while the claim for relief on account of closing balance of excise duty paid was not considered as it was not pursued during the appeal hearing. en-us Wed, 12 Feb 1992 00:00:00 +0530 Thu, 10 Mar 2011 17:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67484 The Tribunal partly allowed the appeal filed by the assessee, providing relief on issues related to suppression of production and sales, and disallowance of expenditure as entertainment expenses. The Tribunal concluded that there was no evidence of suppressed sales or production, thus no addition was warranted. Expenditure on gifts or presentations was allowed under section 37(1) as it was incurred wholly and exclusively for business purposes. The issue of disallowance u/s 40A(9) was restored for fresh consideration by the AO, while the claim for relief on account of closing balance of excise duty paid was not considered as it was not pursued during the appeal hearing. Case-Laws Income Tax Wed, 12 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67484