https://www.taxtmi.com/caselaws?id=61442 The Tribunal partly allowed the assessee's appeal and partly allowed the Revenue's appeal. The decisions were based on the consistency of accounting practices, reasonableness of expenditures, and compliance with relevant provisions of the Income Tax Act. The disallowance of certain expenditures on entertainment and advertisement was upheld due to lack of direct link to reimbursement. Disallowance under Section 43B was subject to verification of payment dates. Deletion of addition in respect of claim under Section 35B was partly allowed. Deletion of addition of interest income and cash incentive for good work done by employees was upheld. Deletion of addition of advance money against allotment of plots was also upheld. en-us Wed, 09 Mar 1994 00:00:00 +0530 Wed, 12 Jan 2011 16:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61442 The Tribunal partly allowed the assessee's appeal and partly allowed the Revenue's appeal. The decisions were based on the consistency of accounting practices, reasonableness of expenditures, and compliance with relevant provisions of the Income Tax Act. The disallowance of certain expenditures on entertainment and advertisement was upheld due to lack of direct link to reimbursement. Disallowance under Section 43B was subject to verification of payment dates. Deletion of addition in respect of claim under Section 35B was partly allowed. Deletion of addition of interest income and cash incentive for good work done by employees was upheld. Deletion of addition of advance money against allotment of plots was also upheld. Case-Laws Income Tax Wed, 09 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61442