https://www.taxtmi.com/caselaws?id=59622 The Tribunal adjudicated multiple issues concerning the assessee's tax liabilities. It denied the deduction under section 80HHC, upheld the computation under section 80HHD, and allowed depreciation for specific years. The Tribunal allowed claims for leave salary encashment and club subscriptions but upheld disallowances for entertainment expenses, foreign travel, and penalties. It deleted disallowances for unclaimed balances, ad hoc entertainment, and certain maintenance expenses. The penalty under section 271(1)(c) was deleted. The assessee's and Department's appeals were partly allowed, with cross-objections dismissed as infructuous. The decision applied pertinent legal principles and precedents, resulting in a mixed outcome for both parties. en-us Mon, 30 Jan 2006 00:00:00 +0530 Wed, 03 Apr 2024 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59622 The Tribunal adjudicated multiple issues concerning the assessee's tax liabilities. It denied the deduction under section 80HHC, upheld the computation under section 80HHD, and allowed depreciation for specific years. The Tribunal allowed claims for leave salary encashment and club subscriptions but upheld disallowances for entertainment expenses, foreign travel, and penalties. It deleted disallowances for unclaimed balances, ad hoc entertainment, and certain maintenance expenses. The penalty under section 271(1)(c) was deleted. The assessee's and Department's appeals were partly allowed, with cross-objections dismissed as infructuous. The decision applied pertinent legal principles and precedents, resulting in a mixed outcome for both parties. Case-Laws Income Tax Mon, 30 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59622