https://www.taxtmi.com/caselaws?id=204179 The Tribunal partially allowed the assessee's appeals regarding the disallowance of motor car expenses, depreciation, and telephone expenses. The disallowance of royalty expenses was re-examined, determining them as remuneration for services rendered by the Managing Director. The AO was directed to calculate the allowable remuneration under the Companies Act. The reopening of assessment was not pressed by the assessee and was dismissed. The Tribunal allowed the Revenue's appeal for statistical purposes. en-us Mon, 31 May 2010 00:00:00 +0530 Thu, 09 Aug 2012 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204179 The Tribunal partially allowed the assessee's appeals regarding the disallowance of motor car expenses, depreciation, and telephone expenses. The disallowance of royalty expenses was re-examined, determining them as remuneration for services rendered by the Managing Director. The AO was directed to calculate the allowable remuneration under the Companies Act. The reopening of assessment was not pressed by the assessee and was dismissed. The Tribunal allowed the Revenue's appeal for statistical purposes. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204179