https://www.taxtmi.com/caselaws?id=468876 Travelling and conveyance expenditure was treated as deductible business expenditure under section 37(1) because the record showed business-linked travel and no basis for further disallowance. Nursery utilisation expenditure and cess on green leaf were also accepted in a tea business governed by Rule 8, as the costs related to replanting and composite-income treatment. The section 14A disallowance was held unsustainable because exempt dividend income arose from own-fund investments and the required dissatisfaction for Rule 8D was not properly recorded. Deduction under section 80IE could not be denied where purchase, installation, commissioning, and readiness of machinery were evidenced and the revenue produced no contrary material. en-us Mon, 10 Feb 2025 00:00:00 +0530 Sun, 24 May 2026 18:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468876 Travelling and conveyance expenditure was treated as deductible business expenditure under section 37(1) because the record showed business-linked travel and no basis for further disallowance. Nursery utilisation expenditure and cess on green leaf were also accepted in a tea business governed by Rule 8, as the costs related to replanting and composite-income treatment. The section 14A disallowance was held unsustainable because exempt dividend income arose from own-fund investments and the required dissatisfaction for Rule 8D was not properly recorded. Deduction under section 80IE could not be denied where purchase, installation, commissioning, and readiness of machinery were evidenced and the revenue produced no contrary material. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468876