https://www.taxtmi.com/caselaws?id=297830 The Tribunal allowed the appeal in part, granting relief on certain issues while upholding disallowances on others. The disallowance of prior period expenses was overturned as the liability was deemed crystallized in the relevant assessment year. The disallowance of compensation paid to the Managing Director was remanded to the AO for fresh consideration with directions to assess in accordance with the law. The Tribunal also directed the AO to recalculate the deduction under section 80HHC based on the resolution of the compensation payment issue. en-us Wed, 28 Sep 2011 00:00:00 +0530 Thu, 23 Sep 2021 14:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297830 The Tribunal allowed the appeal in part, granting relief on certain issues while upholding disallowances on others. The disallowance of prior period expenses was overturned as the liability was deemed crystallized in the relevant assessment year. The disallowance of compensation paid to the Managing Director was remanded to the AO for fresh consideration with directions to assess in accordance with the law. The Tribunal also directed the AO to recalculate the deduction under section 80HHC based on the resolution of the compensation payment issue. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297830