https://www.taxtmi.com/caselaws?id=329092 The Tribunal partly allowed the appeal of the assessee, a construction company, regarding the disallowance of various expenses claimed for Assessment Year 2007-08. Disallowances of director's remuneration were found unjustified, considering subsequent revenue generation. Rent expenses for director's residence were upheld, along with partial disallowance of traveling expenses. Disallowance of electricity charges related to personal residences was partly allowed. Overall, the Tribunal partially allowed the appeal, overturning some disallowances made by the Assessing Officer and CIT(A). en-us Fri, 20 May 2016 00:00:00 +0530 Wed, 22 Jun 2016 09:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329092 The Tribunal partly allowed the appeal of the assessee, a construction company, regarding the disallowance of various expenses claimed for Assessment Year 2007-08. Disallowances of director's remuneration were found unjustified, considering subsequent revenue generation. Rent expenses for director's residence were upheld, along with partial disallowance of traveling expenses. Disallowance of electricity charges related to personal residences was partly allowed. Overall, the Tribunal partially allowed the appeal, overturning some disallowances made by the Assessing Officer and CIT(A). Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329092