https://www.taxtmi.com/caselaws?id=217178 The court partially allowed I.T.A. No. 98 of 2003 by setting aside the disallowance of the short-term capital loss. However, I.T.A. No. 99 of 2003 and I.T.A. No. 265 of 2003 were dismissed, upholding the disallowance of overseas travel and educational expenses and commission payments. The Assessing Officer was directed to recompute the total income and tax payable by the appellant company for the assessment year 1991-92 in line with the court's decision. en-us Thu, 30 Aug 2012 00:00:00 +0530 Wed, 10 Jun 2026 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217178 The court partially allowed I.T.A. No. 98 of 2003 by setting aside the disallowance of the short-term capital loss. However, I.T.A. No. 99 of 2003 and I.T.A. No. 265 of 2003 were dismissed, upholding the disallowance of overseas travel and educational expenses and commission payments. The Assessing Officer was directed to recompute the total income and tax payable by the appellant company for the assessment year 1991-92 in line with the court's decision. Case-Laws Income Tax Thu, 30 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217178