https://www.taxtmi.com/caselaws?id=59856 The Tribunal partially allowed the appeals, deleting certain additions and remanding some matters for fresh adjudication. Disallowances related to deferred guarantee fees, provision of loss on foreign exchange contracts, and other expenses were found unjustified due to the consistent and bona fide accounting practices of the assessee. The Tribunal upheld disallowances regarding income-tax paid on behalf of employees, rebate under Section 80M, entertainment expenditure, depreciation on furniture, perquisite value of cars, and dues and membership fees. en-us Wed, 19 Dec 1984 00:00:00 +0530 Sat, 01 Jan 2011 14:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59856 The Tribunal partially allowed the appeals, deleting certain additions and remanding some matters for fresh adjudication. Disallowances related to deferred guarantee fees, provision of loss on foreign exchange contracts, and other expenses were found unjustified due to the consistent and bona fide accounting practices of the assessee. The Tribunal upheld disallowances regarding income-tax paid on behalf of employees, rebate under Section 80M, entertainment expenditure, depreciation on furniture, perquisite value of cars, and dues and membership fees. Case-Laws Income Tax Wed, 19 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59856