https://www.taxtmi.com/caselaws?id=62230 The Tribunal upheld the original assessment and dismissed the CIT's invocation of Section 263 of the IT Act for adding back a purchase-tax provision. Reassessment proceedings under Section 147(b) were deemed valid based on subsequent legal interpretations. Various deductions and disallowances were addressed, with some relief granted on specific expenses. Taxability of cash incentives was affirmed, and entitlements to investment allowance and weighted deductions were upheld. Overall, the Tribunal partly allowed certain appeals and dismissed others in the case. en-us Mon, 09 Mar 1992 00:00:00 +0530 Tue, 18 Jan 2011 16:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62230 The Tribunal upheld the original assessment and dismissed the CIT's invocation of Section 263 of the IT Act for adding back a purchase-tax provision. Reassessment proceedings under Section 147(b) were deemed valid based on subsequent legal interpretations. Various deductions and disallowances were addressed, with some relief granted on specific expenses. Taxability of cash incentives was affirmed, and entitlements to investment allowance and weighted deductions were upheld. Overall, the Tribunal partly allowed certain appeals and dismissed others in the case. Case-Laws Income Tax Mon, 09 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62230