https://www.taxtmi.com/caselaws?id=55328 The Tribunal ruled in favor of the Revenue on the taxability of retention money and upheld disallowances under Section 40A(3) and for entertainment expenses, with a reduced disallowance percentage for traveling expenses. The assessee's appeals were partly allowed, directing reconsideration of Section 40A(3) disallowance. Disallowances under Section 40A(12) and royalty payments were upheld as uncontested. en-us Fri, 22 Aug 2003 00:00:00 +0530 Mon, 12 Aug 2024 14:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55328 The Tribunal ruled in favor of the Revenue on the taxability of retention money and upheld disallowances under Section 40A(3) and for entertainment expenses, with a reduced disallowance percentage for traveling expenses. The assessee's appeals were partly allowed, directing reconsideration of Section 40A(3) disallowance. Disallowances under Section 40A(12) and royalty payments were upheld as uncontested. Case-Laws Income Tax Fri, 22 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55328