https://www.taxtmi.com/caselaws?id=342938 The ITAT Lucknow partially allowed the appeal, overturning disallowances of training expenses to M/s. Hero Moto Corps Ltd. and salary paid to Smt. Seema Gupta. The disallowance of depreciation and car expenses was reduced, and the disallowance of sales promotion and miscellaneous expenses was deleted. The ITAT found the expenses to be revenue in nature, not leading to the acquisition of capital assets, and deemed certain disallowances excessive or ad hoc. en-us Tue, 31 Jan 2017 00:00:00 +0530 Tue, 16 May 2017 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342938 The ITAT Lucknow partially allowed the appeal, overturning disallowances of training expenses to M/s. Hero Moto Corps Ltd. and salary paid to Smt. Seema Gupta. The disallowance of depreciation and car expenses was reduced, and the disallowance of sales promotion and miscellaneous expenses was deleted. The ITAT found the expenses to be revenue in nature, not leading to the acquisition of capital assets, and deemed certain disallowances excessive or ad hoc. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342938