https://www.taxtmi.com/caselaws?id=280284 The Tribunal dismissed the Revenue's challenges on various grounds related to expenses, deductions, and exclusions under the Income Tax Act. It upheld the allowance of payments to clubs as a business expenditure, accepted the write-off without proof of irrecoverability for bad debts and liquidated damages, found the exclusion of hire charges irrelevant, and directed not to exclude balances written back while remitting the issues of discount receipts and provisions for further adjudication. The appeal was allowed by the Tribunal for statistical purposes. en-us Fri, 25 Jun 2010 00:00:00 +0530 Mon, 29 Apr 2019 10:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280284 The Tribunal dismissed the Revenue's challenges on various grounds related to expenses, deductions, and exclusions under the Income Tax Act. It upheld the allowance of payments to clubs as a business expenditure, accepted the write-off without proof of irrecoverability for bad debts and liquidated damages, found the exclusion of hire charges irrelevant, and directed not to exclude balances written back while remitting the issues of discount receipts and provisions for further adjudication. The appeal was allowed by the Tribunal for statistical purposes. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280284