https://www.taxtmi.com/caselaws?id=71702 The appeal was allowed in part. The assessee succeeded in obtaining relief regarding the denial of long-term capital gains deduction under Section 54E, the disallowance of expenses on the chairman's birthday celebration, and the disallowance of club bills of directors as entertainment expenses. Additionally, the inclusion of excise duty and sales tax in turnover for Section 80HHC was excluded, as per the decision in Sudarshan Chemical Industries Ltd. vs. Dy. CIT. en-us Sat, 12 Aug 2000 00:00:00 +0530 Tue, 26 Apr 2011 16:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71702 The appeal was allowed in part. The assessee succeeded in obtaining relief regarding the denial of long-term capital gains deduction under Section 54E, the disallowance of expenses on the chairman's birthday celebration, and the disallowance of club bills of directors as entertainment expenses. Additionally, the inclusion of excise duty and sales tax in turnover for Section 80HHC was excluded, as per the decision in Sudarshan Chemical Industries Ltd. vs. Dy. CIT. Case-Laws Income Tax Sat, 12 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71702