https://www.taxtmi.com/caselaws?id=61553 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s orders on all contested grounds. The Tribunal rejected the Revenue's contentions regarding the valuation of closing stock including MODVAT, deduction of royalty payments under s. 35AB, and disallowance of guest house maintenance expenditure under s. 37(4). The decisions were in favor of the assessee, with the Tribunal citing past rulings and concessions made by the Departmental Representative in support of the assessee's positions. en-us Mon, 03 Dec 2001 00:00:00 +0530 Thu, 13 Jan 2011 12:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61553 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s orders on all contested grounds. The Tribunal rejected the Revenue's contentions regarding the valuation of closing stock including MODVAT, deduction of royalty payments under s. 35AB, and disallowance of guest house maintenance expenditure under s. 37(4). The decisions were in favor of the assessee, with the Tribunal citing past rulings and concessions made by the Departmental Representative in support of the assessee's positions. Case-Laws Income Tax Mon, 03 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61553