https://www.taxtmi.com/caselaws?id=60313 The Tribunal upheld the interpretation that the Rs. 10,000 limit under Section 40A(12) of the Income Tax Act applies to each assessment year individually, rather than as an overall limit. It dismissed the departmental appeal, affirming that the expenditure should be allowed at Rs. 10,000 for each assessment year to which the proceedings relate. en-us Tue, 15 Sep 1992 00:00:00 +0530 Tue, 04 Jan 2011 16:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60313 The Tribunal upheld the interpretation that the Rs. 10,000 limit under Section 40A(12) of the Income Tax Act applies to each assessment year individually, rather than as an overall limit. It dismissed the departmental appeal, affirming that the expenditure should be allowed at Rs. 10,000 for each assessment year to which the proceedings relate. Case-Laws Income Tax Tue, 15 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60313