https://www.taxtmi.com/caselaws?id=184564 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals for the assessment years 2001-2002 and 2002-2003. The disallowance of travelling expenses and excess rent was remitted back to the Assessing Officer for fresh decision. The disallowance of 10% of dividend income under section 14A was not permitted. The disallowance of advertisement expenditure and personal expenses was deleted. However, the disallowance of allocated regional overheads and R&D survey expenses was upheld, advising the assessee to take corrective action in the following year if the same expenses were claimed. en-us Fri, 18 Jul 2008 00:00:00 +0530 Tue, 12 Jul 2016 17:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184564 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals for the assessment years 2001-2002 and 2002-2003. The disallowance of travelling expenses and excess rent was remitted back to the Assessing Officer for fresh decision. The disallowance of 10% of dividend income under section 14A was not permitted. The disallowance of advertisement expenditure and personal expenses was deleted. However, the disallowance of allocated regional overheads and R&D survey expenses was upheld, advising the assessee to take corrective action in the following year if the same expenses were claimed. Case-Laws Income Tax Fri, 18 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184564