https://www.taxtmi.com/caselaws?id=59076 The appeals were partly allowed by the Tribunal, upholding disallowances on various grounds while allowing certain claims. The disallowance of professional fees paid to Indopol Limited was upheld due to lack of services rendered. The disallowance of royalty payable to M/s B. & S. Massy Ltd. and provision for royalty to M/s Trustzscheler Machinen Gmbh was confirmed. However, some disallowances were partially allowed, such as the disallowance of professional fees paid in connection with property development. The Tribunal directed adjustments and upheld the CIT(A)'s decisions on revenue expenditures. en-us Mon, 04 Dec 1989 00:00:00 +0530 Thu, 23 Dec 2010 17:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59076 The appeals were partly allowed by the Tribunal, upholding disallowances on various grounds while allowing certain claims. The disallowance of professional fees paid to Indopol Limited was upheld due to lack of services rendered. The disallowance of royalty payable to M/s B. & S. Massy Ltd. and provision for royalty to M/s Trustzscheler Machinen Gmbh was confirmed. However, some disallowances were partially allowed, such as the disallowance of professional fees paid in connection with property development. The Tribunal directed adjustments and upheld the CIT(A)'s decisions on revenue expenditures. Case-Laws Income Tax Mon, 04 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59076