https://www.taxtmi.com/caselaws?id=58753 The Tribunal directed the CIT(A) to reconsider the disallowance of expenditure incurred on a conference by the company in light of the retrospective insertion of Expln. (2) to s. 37(2A) by the Finance Act 1983. The matter of disallowance of certain expenses under Expln. (2) to s. 37(2A) was remanded to the CIT(A) for reassessment considering the broadened scope of entertainment expenditure. The Tribunal upheld the CIT(A)'s decision on the disallowance under rule 6D of the IT Rules. Regarding the disallowance of club subscription as business expenditure, the Tribunal concurred with the CIT(A) that the expenditure was justified. The Tribunal confirmed the application of s. 40(c) for calculating the disallowance related to a Director employee. en-us Fri, 14 Oct 1983 00:00:00 +0530 Tue, 21 Dec 2010 18:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58753 The Tribunal directed the CIT(A) to reconsider the disallowance of expenditure incurred on a conference by the company in light of the retrospective insertion of Expln. (2) to s. 37(2A) by the Finance Act 1983. The matter of disallowance of certain expenses under Expln. (2) to s. 37(2A) was remanded to the CIT(A) for reassessment considering the broadened scope of entertainment expenditure. The Tribunal upheld the CIT(A)'s decision on the disallowance under rule 6D of the IT Rules. Regarding the disallowance of club subscription as business expenditure, the Tribunal concurred with the CIT(A) that the expenditure was justified. The Tribunal confirmed the application of s. 40(c) for calculating the disallowance related to a Director employee. Case-Laws Income Tax Fri, 14 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58753