https://www.taxtmi.com/caselaws?id=241601 The Tribunal partly allowed the appeal of the assessee, making adjustments to various disallowances and charges. The disallowance of entertainment expenses was limited to Rs. 25,000 due to lack of detailed bills. Additional traveling expenses of Rs. 3,50,000 were allowed considering the essential nature of creating a business network. The disallowance of telephone expenses was restricted to 10% for personal usage after allowing depreciation for a handset. Car maintenance expenses disallowance was reduced to 10%, and the disallowance of household expenses was ultimately deleted by the Tribunal. The Assessing Officer was directed to calculate interest u/s 234B and 234D accordingly. en-us Fri, 08 Feb 2013 00:00:00 +0530 Fri, 27 Dec 2013 19:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241601 The Tribunal partly allowed the appeal of the assessee, making adjustments to various disallowances and charges. The disallowance of entertainment expenses was limited to Rs. 25,000 due to lack of detailed bills. Additional traveling expenses of Rs. 3,50,000 were allowed considering the essential nature of creating a business network. The disallowance of telephone expenses was restricted to 10% for personal usage after allowing depreciation for a handset. Car maintenance expenses disallowance was reduced to 10%, and the disallowance of household expenses was ultimately deleted by the Tribunal. The Assessing Officer was directed to calculate interest u/s 234B and 234D accordingly. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241601