https://www.taxtmi.com/caselaws?id=180152 The Tribunal upheld the initiation of reassessment proceedings, disallowing interest on trade advance but allowing motor car expenses and interest on motor car loan. Sales promotion and travelling expenses were partly disallowed. Depreciation for deduction u/s 80HHC was reduced, and sample sales were treated as export sales. Telephone expenses were partially disallowed, while foreign travel expenses addition was deleted. The appeals were partly allowed, with specific directions for each issue based on the facts and circumstances of the case. en-us Wed, 23 May 2012 00:00:00 +0530 Thu, 17 Mar 2016 18:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180152 The Tribunal upheld the initiation of reassessment proceedings, disallowing interest on trade advance but allowing motor car expenses and interest on motor car loan. Sales promotion and travelling expenses were partly disallowed. Depreciation for deduction u/s 80HHC was reduced, and sample sales were treated as export sales. Telephone expenses were partially disallowed, while foreign travel expenses addition was deleted. The appeals were partly allowed, with specific directions for each issue based on the facts and circumstances of the case. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180152