https://www.taxtmi.com/caselaws?id=57924 The Tribunal partly allowed the appeal, confirming the treatment of exchange rate fluctuation loss as capital expenditure, allowing the majority of sales promotion expenses, permitting the expenses incurred on shifting plant and machinery, upholding the disallowance of club membership fees, and directing the recomputation of disallowance under Rule 6D. The Tribunal also upheld the decision that no appeal lay against the charging of interest under section 214. en-us Mon, 31 Aug 1981 00:00:00 +0530 Wed, 15 Dec 2010 14:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57924 The Tribunal partly allowed the appeal, confirming the treatment of exchange rate fluctuation loss as capital expenditure, allowing the majority of sales promotion expenses, permitting the expenses incurred on shifting plant and machinery, upholding the disallowance of club membership fees, and directing the recomputation of disallowance under Rule 6D. The Tribunal also upheld the decision that no appeal lay against the charging of interest under section 214. Case-Laws Income Tax Mon, 31 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57924