https://www.taxtmi.com/caselaws?id=71863 The ITAT partially allowed the appeals of the assessee for the assessment year 1986-87. The disallowance of expenditure on gift articles under r. 6B(1) of the IT Rules was overturned, allowing the claim under s. 37(1) of the Act due to the genuineness of the purchase, customary practice, and reasonableness of the expenditure. However, the disallowance of expenditure on a seminar conducted by an association was upheld based on previous Tribunal decisions. en-us Mon, 17 May 2004 00:00:00 +0530 Wed, 27 Apr 2011 15:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71863 The ITAT partially allowed the appeals of the assessee for the assessment year 1986-87. The disallowance of expenditure on gift articles under r. 6B(1) of the IT Rules was overturned, allowing the claim under s. 37(1) of the Act due to the genuineness of the purchase, customary practice, and reasonableness of the expenditure. However, the disallowance of expenditure on a seminar conducted by an association was upheld based on previous Tribunal decisions. Case-Laws Income Tax Mon, 17 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71863