https://www.taxtmi.com/caselaws?id=59271 The Tribunal partially allowed the appeals for the assessment years 1977-78 and 1978-79, while dismissing the appeal for the assessment year 1979-80. The classification of the assessee-company as a trading company rather than an industrial company was upheld, resulting in the denial of lower tax rate benefits. However, the disallowance of motor car expenses, depreciation on the car, and membership fees for directors in clubs was overturned in favor of the assessee. The disallowance of telephone expenditure for personal use was upheld based on past assessment practices. en-us Sat, 30 Apr 1983 00:00:00 +0530 Mon, 27 Dec 2010 15:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59271 The Tribunal partially allowed the appeals for the assessment years 1977-78 and 1978-79, while dismissing the appeal for the assessment year 1979-80. The classification of the assessee-company as a trading company rather than an industrial company was upheld, resulting in the denial of lower tax rate benefits. However, the disallowance of motor car expenses, depreciation on the car, and membership fees for directors in clubs was overturned in favor of the assessee. The disallowance of telephone expenditure for personal use was upheld based on past assessment practices. Case-Laws Income Tax Sat, 30 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59271