https://www.taxtmi.com/caselaws?id=56926 The Tribunal affirmed the CIT(A)'s decision to allow the expenditure on Director's remuneration and travelling as deductions for the assessment years in question. The Department's appeals were dismissed as they failed to provide substantial arguments against the necessity of the expenses for retaining the company's status. The Tribunal distinguished the case from a prior decision cited by the Department, emphasizing the specific issue of necessary expenditure for maintaining the company's status. Thus, the CIT(A)'s decision was upheld, resulting in the dismissal of the Department's appeals. en-us Fri, 28 Feb 1986 00:00:00 +0530 Tue, 07 Dec 2010 13:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56926 The Tribunal affirmed the CIT(A)'s decision to allow the expenditure on Director's remuneration and travelling as deductions for the assessment years in question. The Department's appeals were dismissed as they failed to provide substantial arguments against the necessity of the expenses for retaining the company's status. The Tribunal distinguished the case from a prior decision cited by the Department, emphasizing the specific issue of necessary expenditure for maintaining the company's status. Thus, the CIT(A)'s decision was upheld, resulting in the dismissal of the Department's appeals. Case-Laws Income Tax Fri, 28 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56926