https://www.taxtmi.com/caselaws?id=193421 Liability crystallised during the year and paid in that year was treated as deductible in the relevant year. Ad hoc disallowances of gift, guest house and club subscription expenses were found unsustainable where there was no sufficient material to show they were not incurred for business purposes. An amount paid to the ESI department for delayed remittance was regarded as compensatory in nature and allowable as revenue expenditure. Disallowance under section 14A could not be made by straightaway applying Rule 8D unless the Assessing Officer first recorded dissatisfaction with the assessee's claim on the basis of the s; in the absence of such satisfaction, the matter required fresh consideration. en-us Tue, 06 Mar 2012 00:00:00 +0530 Tue, 26 Sep 2017 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193421 Liability crystallised during the year and paid in that year was treated as deductible in the relevant year. Ad hoc disallowances of gift, guest house and club subscription expenses were found unsustainable where there was no sufficient material to show they were not incurred for business purposes. An amount paid to the ESI department for delayed remittance was regarded as compensatory in nature and allowable as revenue expenditure. Disallowance under section 14A could not be made by straightaway applying Rule 8D unless the Assessing Officer first recorded dissatisfaction with the assessee's claim on the basis of the s; in the absence of such satisfaction, the matter required fresh consideration. Case-Laws Income Tax Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193421