https://www.taxtmi.com/caselaws?id=303931 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal for statistical purposes. The cross-objection of the assessee was dismissed as academic. The expenses related to relocation, traveling, and telephone were allowed as business expenditures. However, the deduction for technical know-how fees paid in kind was denied under section 35AB. The disallowance of expenditure on the write-off of capital work in progress was remanded for further examination. Additionally, the disallowance of payment towards membership fees for clubs and hotels for executives was upheld as not wholly for business purposes. en-us Wed, 08 Aug 2018 00:00:00 +0530 Fri, 26 Aug 2022 08:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303931 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal for statistical purposes. The cross-objection of the assessee was dismissed as academic. The expenses related to relocation, traveling, and telephone were allowed as business expenditures. However, the deduction for technical know-how fees paid in kind was denied under section 35AB. The disallowance of expenditure on the write-off of capital work in progress was remanded for further examination. Additionally, the disallowance of payment towards membership fees for clubs and hotels for executives was upheld as not wholly for business purposes. Case-Laws Income Tax Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303931