https://www.taxtmi.com/caselaws?id=289568 The Tribunal partly allowed the assessee's appeal for statistical purposes, directing re-examination of certain disallowances while upholding others. The disallowance of club expenses was to be re-examined based on new evidence provided. Disallowance under Section 14A was reduced as own funds were proven, but upheld in part due to recorded satisfaction. Gift expenses disallowance was upheld as personal in nature. Compensation payment disallowance was upheld for non-deduction of TDS. Write-off of doubtful deposits was to be verified. Disallowance of irrecoverable advances was to be re-examined. Ad-hoc disallowance under Section 40A(2) was deleted. Unrealized foreign exchange loss disallowance was dismissed. Additional ground disallowance was remanded for adjudication. Product trial expenses disallowance was reversed, allowing expenses under Section 37. en-us Thu, 07 Jun 2018 00:00:00 +0530 Fri, 07 Aug 2020 06:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289568 The Tribunal partly allowed the assessee's appeal for statistical purposes, directing re-examination of certain disallowances while upholding others. The disallowance of club expenses was to be re-examined based on new evidence provided. Disallowance under Section 14A was reduced as own funds were proven, but upheld in part due to recorded satisfaction. Gift expenses disallowance was upheld as personal in nature. Compensation payment disallowance was upheld for non-deduction of TDS. Write-off of doubtful deposits was to be verified. Disallowance of irrecoverable advances was to be re-examined. Ad-hoc disallowance under Section 40A(2) was deleted. Unrealized foreign exchange loss disallowance was dismissed. Additional ground disallowance was remanded for adjudication. Product trial expenses disallowance was reversed, allowing expenses under Section 37. Case-Laws Income Tax Thu, 07 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289568