https://www.taxtmi.com/caselaws?id=67740 The Tribunal partially allowed both appeals by adjusting the disallowances of entertainment and traveling expenses, while deleting the addition under section 41(2) for the sale of the burnt motor. The Tribunal held that only a portion of the entertainment expenses should be disallowed as entertainment expenses, with the rest being legitimate business expenditure. It also found the disallowance of traveling expenses to be excessive and reduced it accordingly. Additionally, the Tribunal concluded that the inclusion under section 41(2) for the sale of the burnt motor was not justified in law and directed its deletion. en-us Sat, 28 Jun 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67740 The Tribunal partially allowed both appeals by adjusting the disallowances of entertainment and traveling expenses, while deleting the addition under section 41(2) for the sale of the burnt motor. The Tribunal held that only a portion of the entertainment expenses should be disallowed as entertainment expenses, with the rest being legitimate business expenditure. It also found the disallowance of traveling expenses to be excessive and reduced it accordingly. Additionally, the Tribunal concluded that the inclusion under section 41(2) for the sale of the burnt motor was not justified in law and directed its deletion. Case-Laws Income Tax Sat, 28 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67740