https://www.taxtmi.com/caselaws?id=353262 No substantial question of law arose on the proposed challenges to disallowances for unexplained capital, foreign travel expenses, section 40(a)(ia) and labour charges. Unexplained partner capital was held to be assessable in the hands of the partners, not the firm. Foreign travel was accepted as business-related because it was incurred by employees and supported by sales details. The section 40(a)(ia) issue turned on factual reconciliation showing tax had been deducted and deposited on the relevant payments. Labour charges were also treated as a factual matter, with supporting records, higher production, lower labour cost rate and improved gross profit defeating the presumption-based disallowance. en-us Wed, 20 Dec 2017 00:00:00 +0530 Sat, 30 Dec 2017 11:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353262 No substantial question of law arose on the proposed challenges to disallowances for unexplained capital, foreign travel expenses, section 40(a)(ia) and labour charges. Unexplained partner capital was held to be assessable in the hands of the partners, not the firm. Foreign travel was accepted as business-related because it was incurred by employees and supported by sales details. The section 40(a)(ia) issue turned on factual reconciliation showing tax had been deducted and deposited on the relevant payments. Labour charges were also treated as a factual matter, with supporting records, higher production, lower labour cost rate and improved gross profit defeating the presumption-based disallowance. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353262