https://www.taxtmi.com/caselaws?id=71329 The Tribunal allowed Rs. 69 lakhs as deductible expenditure but disallowed the remaining Rs. 69 lakhs due to insufficient evidence regarding damages paid. The ad hoc disallowance of Rs. 1 lakh from miscellaneous expenses was deleted by the Tribunal. The entire Rs. 41,45,153 incurred on dealers' conference expenses was allowed as business expenditure. The Tribunal remanded the matter of additional grounds for deduction of advertising and marketing expenses and service charges to the AO for further examination and determination of the correct assessment year. The appeal was partly allowed with specific directions for re-examination of certain expenses. en-us Wed, 05 Oct 2005 00:00:00 +0530 Fri, 22 Apr 2011 17:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71329 The Tribunal allowed Rs. 69 lakhs as deductible expenditure but disallowed the remaining Rs. 69 lakhs due to insufficient evidence regarding damages paid. The ad hoc disallowance of Rs. 1 lakh from miscellaneous expenses was deleted by the Tribunal. The entire Rs. 41,45,153 incurred on dealers' conference expenses was allowed as business expenditure. The Tribunal remanded the matter of additional grounds for deduction of advertising and marketing expenses and service charges to the AO for further examination and determination of the correct assessment year. The appeal was partly allowed with specific directions for re-examination of certain expenses. Case-Laws Income Tax Wed, 05 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71329