https://www.taxtmi.com/caselaws?id=330320 The Court upheld the deletion of additions and disallowances made by the assessing officer for the assessment year 2000-01. It affirmed the deletion of VRS payment addition, citing the inapplicability of a subsequent law. The disallowance of sundry expenses was overturned due to lack of concrete basis. The matter of excluding payments from foreign entities was sent back for further inquiry. Similarly, the issue of aircraft maintenance expenses was also referred for additional investigation. The appeal was dismissed, and parties were directed to bear their own costs. en-us Mon, 27 Jun 2016 00:00:00 +0530 Thu, 21 Jul 2016 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330320 The Court upheld the deletion of additions and disallowances made by the assessing officer for the assessment year 2000-01. It affirmed the deletion of VRS payment addition, citing the inapplicability of a subsequent law. The disallowance of sundry expenses was overturned due to lack of concrete basis. The matter of excluding payments from foreign entities was sent back for further inquiry. Similarly, the issue of aircraft maintenance expenses was also referred for additional investigation. The appeal was dismissed, and parties were directed to bear their own costs. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330320