https://www.taxtmi.com/caselaws?id=60944 The Tribunal allowed the appellant's claim in full, overturning the disallowance of expenditure for 'Diwali expenses' and 'business promotion'. It accepted the argument that the gifts were given for maintaining business relationships, emphasizing the business purpose of the expenditure. The Tribunal found the expenditure customary for business purposes, not lavish or personal, and supported its decision by comparing the expenditure with turnover and previous assessment years. The lack of evidence proving personal expenditure and the nature of the gifts were crucial factors in the Tribunal's decision to allow the claim in full. en-us Thu, 29 Oct 1998 00:00:00 +0530 Sat, 08 Jan 2011 17:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60944 The Tribunal allowed the appellant's claim in full, overturning the disallowance of expenditure for 'Diwali expenses' and 'business promotion'. It accepted the argument that the gifts were given for maintaining business relationships, emphasizing the business purpose of the expenditure. The Tribunal found the expenditure customary for business purposes, not lavish or personal, and supported its decision by comparing the expenditure with turnover and previous assessment years. The lack of evidence proving personal expenditure and the nature of the gifts were crucial factors in the Tribunal's decision to allow the claim in full. Case-Laws Income Tax Thu, 29 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60944