https://www.taxtmi.com/caselaws?id=71106 Higher managerial remuneration was treated as allowable where the business showed improved sales and profit, so the earlier restriction no longer applied and the additional claim was allowed. Expenditure described as entertainment was accepted as ordinary business or shop expense because its nature and volume indicated it was not entertainment in the strict sense, and the disallowance was deleted. The bad debt claim failed because there was no supporting evidence that the debts related to the relevant year or had become irrecoverable during that year; the disallowance was therefore sustained. en-us Wed, 04 Feb 1976 00:00:00 +0530 Thu, 21 Apr 2011 13:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71106 Higher managerial remuneration was treated as allowable where the business showed improved sales and profit, so the earlier restriction no longer applied and the additional claim was allowed. Expenditure described as entertainment was accepted as ordinary business or shop expense because its nature and volume indicated it was not entertainment in the strict sense, and the disallowance was deleted. The bad debt claim failed because there was no supporting evidence that the debts related to the relevant year or had become irrecoverable during that year; the disallowance was therefore sustained. Case-Laws Income Tax Wed, 04 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71106