https://www.taxtmi.com/caselaws?id=28940 Appellate procedure permits an additional ground seeking carry-forward of capital loss where it becomes consequential to the taxpayer's final position and falls within the Tribunal's procedural powers. A director's entertainment allowance is deductible under the Indian Income-tax Act, 1922 unless it is found excessive or unreasonable in light of the company's legitimate business needs and the benefit obtained. Actual entertainment expenditure or detailed supporting accounts are not the decisive test; disallowance requires a proper finding of excessiveness or unreasonableness. en-us Tue, 22 Sep 1981 00:00:00 +0530 Mon, 08 Mar 2010 17:26:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28940 Appellate procedure permits an additional ground seeking carry-forward of capital loss where it becomes consequential to the taxpayer's final position and falls within the Tribunal's procedural powers. A director's entertainment allowance is deductible under the Indian Income-tax Act, 1922 unless it is found excessive or unreasonable in light of the company's legitimate business needs and the benefit obtained. Actual entertainment expenditure or detailed supporting accounts are not the decisive test; disallowance requires a proper finding of excessiveness or unreasonableness. Case-Laws Income Tax Tue, 22 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28940