https://www.taxtmi.com/caselaws?id=28969 Entertainment allowance paid to a director was allowed because the same treatment had been adopted in an earlier reference involving the same assessee. The bad debt claim relating to Famous Pictures Ltd. was upheld because the Tribunal's view, based on transfer entries made in 1951 and the subsequent charging of interest, was a possible view on the material and not perverse. Salary paid to Shyamsunder Seksaria was disallowed because the payment was found to have been made on extra-commercial considerations rather than as deductible business expenditure, and the Tribunal had misread the earlier revisional order while ignoring the reasons for disallowance. en-us Tue, 22 Sep 1981 00:00:00 +0530 Tue, 09 Mar 2010 11:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28969 Entertainment allowance paid to a director was allowed because the same treatment had been adopted in an earlier reference involving the same assessee. The bad debt claim relating to Famous Pictures Ltd. was upheld because the Tribunal's view, based on transfer entries made in 1951 and the subsequent charging of interest, was a possible view on the material and not perverse. Salary paid to Shyamsunder Seksaria was disallowed because the payment was found to have been made on extra-commercial considerations rather than as deductible business expenditure, and the Tribunal had misread the earlier revisional order while ignoring the reasons for disallowance. Case-Laws Income Tax Tue, 22 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28969