https://www.taxtmi.com/caselaws?id=177900 Procedural signature defects in appeal memoranda are curable by subsequent ratification; appeals may be admitted where no jurisdictional defect exists. Post-amendment deduction for bad debts requires writing off in accounts, subject to evidentiary verification; alternative relief under general business expenditure may be considered. Travel disallowance must be computed trip-wise and bona fide spouse travel for long deputation can be allowed. Reasonable apportionment of consolidated entertainment/club/conference expenditure (50% to employees) is acceptable absent specific evidence. Excise duty paid is deductible on payment principle, whereas customs duty forming part of inventory cost cannot be separately claimed. Accrued leave liabilities under actuarial AS-15 are allowable. Foreign income taxes are not deductible; TDS failures disallow related payments until tax is deducted. Tax holiday benefits require stand-alone computation and Chapter VI-A deductions apply to income as computed under the Act. Appellate enhancements require reasonable opportunity to be heard. en-us Wed, 31 Jul 2002 00:00:00 +0530 Thu, 21 Jan 2016 15:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177900 Procedural signature defects in appeal memoranda are curable by subsequent ratification; appeals may be admitted where no jurisdictional defect exists. Post-amendment deduction for bad debts requires writing off in accounts, subject to evidentiary verification; alternative relief under general business expenditure may be considered. Travel disallowance must be computed trip-wise and bona fide spouse travel for long deputation can be allowed. Reasonable apportionment of consolidated entertainment/club/conference expenditure (50% to employees) is acceptable absent specific evidence. Excise duty paid is deductible on payment principle, whereas customs duty forming part of inventory cost cannot be separately claimed. Accrued leave liabilities under actuarial AS-15 are allowable. Foreign income taxes are not deductible; TDS failures disallow related payments until tax is deducted. Tax holiday benefits require stand-alone computation and Chapter VI-A deductions apply to income as computed under the Act. Appellate enhancements require reasonable opportunity to be heard. Case-Laws Income Tax Wed, 31 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177900