https://www.taxtmi.com/caselaws?id=117894 The Tribunal upheld the disallowance of a written-off sum advanced as an interest-free loan to an Ex-Director, not proven to be for business purposes. Travel expenses were disallowed for the Managing Director's wife's trip. Unclaimed balances and provisions were subject to further examination. Fresh evidence admission was confirmed. PF dues within the grace period were allowed. Foreign travel expenses for the Managing Director were accepted, while commission expenses were remanded for thorough review. Computer software charges were allowed as revenue expenses. 100% depreciation on shuttering materials required verification. The decision involved confirmations, restorations, and dismissals, emphasizing the need for proper evidence and adherence to statutory provisions. en-us Mon, 20 Sep 2004 00:00:00 +0530 Wed, 27 Jun 2012 12:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117894 The Tribunal upheld the disallowance of a written-off sum advanced as an interest-free loan to an Ex-Director, not proven to be for business purposes. Travel expenses were disallowed for the Managing Director's wife's trip. Unclaimed balances and provisions were subject to further examination. Fresh evidence admission was confirmed. PF dues within the grace period were allowed. Foreign travel expenses for the Managing Director were accepted, while commission expenses were remanded for thorough review. Computer software charges were allowed as revenue expenses. 100% depreciation on shuttering materials required verification. The decision involved confirmations, restorations, and dismissals, emphasizing the need for proper evidence and adherence to statutory provisions. Case-Laws Income Tax Mon, 20 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117894