https://www.taxtmi.com/caselaws?id=355856 The Tribunal partially allowed the assessee's appeal by dismissing various disallowances made by the Revenue, including professional fees related to factory repairs, depreciation on vehicles used for business purposes, remuneration paid to directors, and foreign trip expenses. The Tribunal upheld disallowances such as foreign travel expenditure, interest on loans from directors, and certain cash payments under section 40A(3) of the Income Tax Act. The Tribunal's decisions were based on the classification of expenses as capital or revenue, reasonableness of deductions, and compliance with tax provisions. en-us Fri, 09 Feb 2018 00:00:00 +0530 Tue, 20 Feb 2018 06:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355856 The Tribunal partially allowed the assessee's appeal by dismissing various disallowances made by the Revenue, including professional fees related to factory repairs, depreciation on vehicles used for business purposes, remuneration paid to directors, and foreign trip expenses. The Tribunal upheld disallowances such as foreign travel expenditure, interest on loans from directors, and certain cash payments under section 40A(3) of the Income Tax Act. The Tribunal's decisions were based on the classification of expenses as capital or revenue, reasonableness of deductions, and compliance with tax provisions. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355856