https://www.taxtmi.com/caselaws?id=59267 The Tribunal upheld the disallowance under s. 40A(5)/40(c) for remuneration paid to Directors, citing previous decisions. A clerical error in disallowance calculation was noted. Regarding staff welfare expenses, the disallowance was reduced due to lack of verifiable documentation. The Tribunal upheld this decision, emphasizing the need for proper substantiation. Claims under s. 35B for weighted deduction were partially allowed by the CIT(A) but were ultimately disallowed by the Tribunal due to insufficient evidence linking the expenses to export activities. The Tribunal reinstated the ITO's orders, dismissing the assessee's appeals and partially allowing the department's appeals. en-us Fri, 13 Aug 1982 00:00:00 +0530 Mon, 27 Dec 2010 15:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59267 The Tribunal upheld the disallowance under s. 40A(5)/40(c) for remuneration paid to Directors, citing previous decisions. A clerical error in disallowance calculation was noted. Regarding staff welfare expenses, the disallowance was reduced due to lack of verifiable documentation. The Tribunal upheld this decision, emphasizing the need for proper substantiation. Claims under s. 35B for weighted deduction were partially allowed by the CIT(A) but were ultimately disallowed by the Tribunal due to insufficient evidence linking the expenses to export activities. The Tribunal reinstated the ITO's orders, dismissing the assessee's appeals and partially allowing the department's appeals. Case-Laws Income Tax Fri, 13 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59267