https://www.taxtmi.com/caselaws?id=61445 The Tribunal upheld the CIT(A)'s decision to dismiss Revenue's appeal regarding the disallowance of license and production fees from earlier years, emphasizing the settlement of the liability in the current year. In another matter, the Tribunal agreed with the assessee, deleting the disallowance of telephone expenses based on the nature of the company and absence of personal use elements. Regarding the disallowance of fabrication charges due to discrepancies with another party, the Tribunal directed the Assessing Officer to allow a revised claim, partially allowing the appeal based on the settlement within the relevant year. en-us Thu, 06 Oct 1994 00:00:00 +0530 Wed, 12 Jan 2011 16:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61445 The Tribunal upheld the CIT(A)'s decision to dismiss Revenue's appeal regarding the disallowance of license and production fees from earlier years, emphasizing the settlement of the liability in the current year. In another matter, the Tribunal agreed with the assessee, deleting the disallowance of telephone expenses based on the nature of the company and absence of personal use elements. Regarding the disallowance of fabrication charges due to discrepancies with another party, the Tribunal directed the Assessing Officer to allow a revised claim, partially allowing the appeal based on the settlement within the relevant year. Case-Laws Income Tax Thu, 06 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61445