https://www.taxtmi.com/caselaws?id=200519 The Tribunal partially allowed the appeals, upholding some disallowances while deleting others. Sales and promotional expenses disallowed due to lack of evidence were upheld. Ad hoc disallowance of reimbursement for residential telephone and mobile expenses was deleted, following a precedent. Entertainment expenses disallowance was deleted as they were for business purposes. Promotional expenses disallowance was deleted due to lack of third-party evidence. Foreign travel expenses disallowance was deleted as genuine business expenses. Foreign exchange loss was allowed as a deductible expense. Commission expenses disallowed for lack of confirmation were upheld. Non-pressed grounds were dismissed. en-us Fri, 23 Jan 2015 00:00:00 +0530 Tue, 03 Apr 2018 06:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200519 The Tribunal partially allowed the appeals, upholding some disallowances while deleting others. Sales and promotional expenses disallowed due to lack of evidence were upheld. Ad hoc disallowance of reimbursement for residential telephone and mobile expenses was deleted, following a precedent. Entertainment expenses disallowance was deleted as they were for business purposes. Promotional expenses disallowance was deleted due to lack of third-party evidence. Foreign travel expenses disallowance was deleted as genuine business expenses. Foreign exchange loss was allowed as a deductible expense. Commission expenses disallowed for lack of confirmation were upheld. Non-pressed grounds were dismissed. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200519