https://www.taxtmi.com/caselaws?id=57943 The Tribunal held that the premium paid for a deferred annuity policy for the managing director should be considered as income under section 40A(5) of the Income-tax Act. The change in accounting method for duty drawback and cash assistance was deemed bonafide. Expenses for the Goregaon property were allowed as business expenditure. Listing fees were accepted as business-related expenses. The interest charged under section 216 was upheld on merits but not on technical grounds. en-us Fri, 25 Nov 1983 00:00:00 +0530 Wed, 15 Dec 2010 15:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57943 The Tribunal held that the premium paid for a deferred annuity policy for the managing director should be considered as income under section 40A(5) of the Income-tax Act. The change in accounting method for duty drawback and cash assistance was deemed bonafide. Expenses for the Goregaon property were allowed as business expenditure. Listing fees were accepted as business-related expenses. The interest charged under section 216 was upheld on merits but not on technical grounds. Case-Laws Income Tax Fri, 25 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57943