https://www.taxtmi.com/caselaws?id=61434 The appeal was partly allowed, with the disallowances of rented accommodation for auditors, penalty under the Factories Act, advertisement expenses, miscellaneous expenses, sales promotion expenses, and travelling expenses being overturned. The disallowances of directors' travelling expenses, office expenses, food expenses for foreign buyers, and loss due to breach of contract were upheld. The issue of charging interest under Section 216 of the IT Act, 1961 was left open for reconsideration by the assessing authority after addressing other remanded issues. en-us Fri, 29 Jun 1990 00:00:00 +0530 Wed, 12 Jan 2011 16:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61434 The appeal was partly allowed, with the disallowances of rented accommodation for auditors, penalty under the Factories Act, advertisement expenses, miscellaneous expenses, sales promotion expenses, and travelling expenses being overturned. The disallowances of directors' travelling expenses, office expenses, food expenses for foreign buyers, and loss due to breach of contract were upheld. The issue of charging interest under Section 216 of the IT Act, 1961 was left open for reconsideration by the assessing authority after addressing other remanded issues. Case-Laws Income Tax Fri, 29 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61434