https://www.taxtmi.com/caselaws?id=61469 The Tribunal partially allowed the appeal, granting relief on various grounds. Disallowance of staff welfare expenses was upheld in part, disallowance of sales promotion expenses was deleted, disallowance of expenses on taxis and airfare for dealers was deleted, disallowance of cost of coins, silk suits, shawls, velvet blankets, and Titan watches given to dealers was deleted, disallowance of expenditure through Diners Cards was partially upheld, disallowance of entertainment expenses on sweaters and silk suits distributed to foreign visitors was deleted, disallowance of research and development expenses was deleted, disallowance of interest on advance to managing director was deleted, and disallowance under sections 80HHC and 234B was modified. en-us Fri, 26 Jul 1996 00:00:00 +0530 Wed, 12 Jan 2011 17:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61469 The Tribunal partially allowed the appeal, granting relief on various grounds. Disallowance of staff welfare expenses was upheld in part, disallowance of sales promotion expenses was deleted, disallowance of expenses on taxis and airfare for dealers was deleted, disallowance of cost of coins, silk suits, shawls, velvet blankets, and Titan watches given to dealers was deleted, disallowance of expenditure through Diners Cards was partially upheld, disallowance of entertainment expenses on sweaters and silk suits distributed to foreign visitors was deleted, disallowance of research and development expenses was deleted, disallowance of interest on advance to managing director was deleted, and disallowance under sections 80HHC and 234B was modified. Case-Laws Income Tax Fri, 26 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61469