https://www.taxtmi.com/caselaws?id=456141 ITAT Mumbai partially allowed the assessee's appeal on entertainment expenses, allowing 25% deduction for accompanying staff members but dismissing claim for 50%. Sales promotion expenses for sponsored dinner at industry conference were allowed as business expenditure, not entertainment. Guest house food expenses were permitted while other maintenance costs were disallowed following SC precedent. Bad debts write-off was allowed following TRF Ltd. SC decision. Wind mill project expenses were restored to AO for fresh examination as revenue expenditure. MAT computation issues regarding doubtful debts provision and Section 80IA deduction were decided favorably for assessee following jurisdictional HC precedents. en-us Wed, 17 May 2017 00:00:00 +0530 Tue, 02 Jul 2024 19:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456141 ITAT Mumbai partially allowed the assessee's appeal on entertainment expenses, allowing 25% deduction for accompanying staff members but dismissing claim for 50%. Sales promotion expenses for sponsored dinner at industry conference were allowed as business expenditure, not entertainment. Guest house food expenses were permitted while other maintenance costs were disallowed following SC precedent. Bad debts write-off was allowed following TRF Ltd. SC decision. Wind mill project expenses were restored to AO for fresh examination as revenue expenditure. MAT computation issues regarding doubtful debts provision and Section 80IA deduction were decided favorably for assessee following jurisdictional HC precedents. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456141