https://www.taxtmi.com/caselaws?id=71068 The Appellate Tribunal partially allowed both appeals, overturning disallowances of salary paid to Directors, interest payments, and motor vehicle expenses. The Tribunal directed the Income Tax Officer to calculate relief accordingly and address the carry forward of losses from an earlier year. en-us Tue, 18 Aug 1981 00:00:00 +0530 Thu, 21 Apr 2011 11:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71068 The Appellate Tribunal partially allowed both appeals, overturning disallowances of salary paid to Directors, interest payments, and motor vehicle expenses. The Tribunal directed the Income Tax Officer to calculate relief accordingly and address the carry forward of losses from an earlier year. Case-Laws Income Tax Tue, 18 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71068