https://www.taxtmi.com/caselaws?id=177573 The Tribunal delivered a mixed verdict on the appeals. It reversed the disallowance of depreciation on technical know-how and allowed the appellant's claims on entertainment expenditure, club payments, leasehold improvements, Modvat credit, write-off of obsolete items, club subscriptions, Section 10A exemption, bad debts, and miscellaneous expenses. However, the Tribunal upheld the disallowance of guest house expenses and the AO's method for calculating travelling expenses under Rule 6D. Consequently, the assessee's appeals were partly allowed, while the Revenue's appeal for the assessment year 1992-93 was partly allowed, with other years' appeals dismissed. en-us Fri, 25 Nov 2005 00:00:00 +0530 Wed, 03 Apr 2024 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177573 The Tribunal delivered a mixed verdict on the appeals. It reversed the disallowance of depreciation on technical know-how and allowed the appellant's claims on entertainment expenditure, club payments, leasehold improvements, Modvat credit, write-off of obsolete items, club subscriptions, Section 10A exemption, bad debts, and miscellaneous expenses. However, the Tribunal upheld the disallowance of guest house expenses and the AO's method for calculating travelling expenses under Rule 6D. Consequently, the assessee's appeals were partly allowed, while the Revenue's appeal for the assessment year 1992-93 was partly allowed, with other years' appeals dismissed. Case-Laws Income Tax Fri, 25 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177573