https://www.taxtmi.com/caselaws?id=277580 The disallowance of freight expenses under section 40(a)(ia) was confirmed due to non-deduction of tax at source. Foreign traveling expenses were partially allowed, with disallowance upheld for trips lacking business purpose. Gift expenses disallowance was reduced based on partial business use admission. Provision for doubtful debts adjustment to book profit under section 115JB was upheld. The priority of adjustments in calculating book profit under section 115JB favored reducing business losses and unabsorbed depreciation first. Appeals were partly allowed, with specific disallowances and adjustments upheld or modified accordingly. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 12 Dec 2018 13:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277580 The disallowance of freight expenses under section 40(a)(ia) was confirmed due to non-deduction of tax at source. Foreign traveling expenses were partially allowed, with disallowance upheld for trips lacking business purpose. Gift expenses disallowance was reduced based on partial business use admission. Provision for doubtful debts adjustment to book profit under section 115JB was upheld. The priority of adjustments in calculating book profit under section 115JB favored reducing business losses and unabsorbed depreciation first. Appeals were partly allowed, with specific disallowances and adjustments upheld or modified accordingly. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277580