https://www.taxtmi.com/caselaws?id=176194 The Tribunal allowed the appeal, ruling in favor of the assessee on all three substantive grounds. The disallowed loss on the sale of raw materials was held to be deductible as a revenue expenditure without proof of unusability. The disallowance of club fees as personal expenses was overturned, considering the expenditure as revenue in nature. Additionally, the disallowance under section 40(a)(ia) for non-deduction of tax at source on foreign exchange payments for quality testing services was deleted, as tax deduction was deemed inapplicable due to services being rendered outside India. en-us Fri, 08 Jul 2011 00:00:00 +0530 Wed, 16 Dec 2015 16:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176194 The Tribunal allowed the appeal, ruling in favor of the assessee on all three substantive grounds. The disallowed loss on the sale of raw materials was held to be deductible as a revenue expenditure without proof of unusability. The disallowance of club fees as personal expenses was overturned, considering the expenditure as revenue in nature. Additionally, the disallowance under section 40(a)(ia) for non-deduction of tax at source on foreign exchange payments for quality testing services was deleted, as tax deduction was deemed inapplicable due to services being rendered outside India. Case-Laws Income Tax Fri, 08 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176194