https://www.taxtmi.com/caselaws?id=60637 The Tribunal partly allowed the appeal, upholding the addition of outstanding credit balances written back as taxable income but remanding the disallowance of investment allowance on leased machinery for further verification. Sales promotion expenses were not disallowed, and expenses under section 37(3B) were upheld. Disallowances for entertainment expenditure and traveling expenses on an estimate basis were affirmed. The Tribunal cited relevant case laws and judicial precedents in reaching its decision. en-us Tue, 31 Mar 1998 00:00:00 +0530 Fri, 07 Jan 2011 12:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60637 The Tribunal partly allowed the appeal, upholding the addition of outstanding credit balances written back as taxable income but remanding the disallowance of investment allowance on leased machinery for further verification. Sales promotion expenses were not disallowed, and expenses under section 37(3B) were upheld. Disallowances for entertainment expenditure and traveling expenses on an estimate basis were affirmed. The Tribunal cited relevant case laws and judicial precedents in reaching its decision. Case-Laws Income Tax Tue, 31 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60637