https://www.taxtmi.com/caselaws?id=176951 The appeals filed by both the assessee and the revenue were partly allowed. The disallowance of Rs. 90,00,000 for impending union settlement, Rs. 4,89,918 for gift articles as entertainment, and Rs. 1,67,768 for air fare and hotel expenses for foreign visitors were upheld. However, the disallowance of various other expenses was either partially allowed or set aside for reconsideration. The Tribunal directed adjustments in line with relevant case laws and precedents, ensuring a balanced outcome between the assessee and the revenue. en-us Wed, 12 Oct 2011 00:00:00 +0530 Wed, 30 Nov 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176951 The appeals filed by both the assessee and the revenue were partly allowed. The disallowance of Rs. 90,00,000 for impending union settlement, Rs. 4,89,918 for gift articles as entertainment, and Rs. 1,67,768 for air fare and hotel expenses for foreign visitors were upheld. However, the disallowance of various other expenses was either partially allowed or set aside for reconsideration. The Tribunal directed adjustments in line with relevant case laws and precedents, ensuring a balanced outcome between the assessee and the revenue. Case-Laws Income Tax Wed, 12 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176951