https://www.taxtmi.com/caselaws?id=282209 The Tribunal ruled in favor of the assessee in various aspects, allowing deductions for recoveries from guest house expenses, fees paid to consultants, investment allowances, and contributions to institutions. Disallowances were upheld for entertainment expenses like annual general meeting costs, payments to clubs, and food at employees' gatherings. The Tribunal also allowed certain capital expenditures such as on immovable assets and partly convertible debentures. Additionally, deductions were permitted for leave salary provisions and remuneration to key personnel, while disallowances were made for certain business expenditures lacking evidence. en-us Fri, 07 Mar 2014 00:00:00 +0530 Sat, 27 Jul 2019 06:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282209 The Tribunal ruled in favor of the assessee in various aspects, allowing deductions for recoveries from guest house expenses, fees paid to consultants, investment allowances, and contributions to institutions. Disallowances were upheld for entertainment expenses like annual general meeting costs, payments to clubs, and food at employees' gatherings. The Tribunal also allowed certain capital expenditures such as on immovable assets and partly convertible debentures. Additionally, deductions were permitted for leave salary provisions and remuneration to key personnel, while disallowances were made for certain business expenditures lacking evidence. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282209