https://www.taxtmi.com/caselaws?id=70522 The Tribunal upheld the Appellate Assistant Commissioner's decision to reduce the disallowance of depot expenses to Rs. 3,000 and to overturn the disallowance of Rs. 5,072 as entertainment expenses for the assessment year 1974-75. The Tribunal found that the assessee had maintained proper accounts and that the expenses were necessary for the business, not extravagant entertainment. The Revenue's appeal was dismissed, affirming the AAC's order on the disallowance of expenses. en-us Fri, 31 Dec 1976 00:00:00 +0530 Sat, 16 Apr 2011 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70522 The Tribunal upheld the Appellate Assistant Commissioner's decision to reduce the disallowance of depot expenses to Rs. 3,000 and to overturn the disallowance of Rs. 5,072 as entertainment expenses for the assessment year 1974-75. The Tribunal found that the assessee had maintained proper accounts and that the expenses were necessary for the business, not extravagant entertainment. The Revenue's appeal was dismissed, affirming the AAC's order on the disallowance of expenses. Case-Laws Income Tax Fri, 31 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70522