https://www.taxtmi.com/caselaws?id=64410 The Tribunal upheld various decisions in favor of the assessee, including allowing deduction of liability due to increased steel prices, disallowance of selling agency commission, valuation of work-in-progress, weighted deduction under section 35B, and disallowance under section 40(c). Additionally, the Tribunal allowed development rebate on a tractor and relief under section 80G, while disallowing penalties as business expenditure and expenditure for exploring a new project. The Tribunal also upheld the deletion of 'on money' received on sales and disallowed surtax liability as business expenditure. en-us Sat, 21 Apr 1984 00:00:00 +0530 Mon, 07 Feb 2011 16:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64410 The Tribunal upheld various decisions in favor of the assessee, including allowing deduction of liability due to increased steel prices, disallowance of selling agency commission, valuation of work-in-progress, weighted deduction under section 35B, and disallowance under section 40(c). Additionally, the Tribunal allowed development rebate on a tractor and relief under section 80G, while disallowing penalties as business expenditure and expenditure for exploring a new project. The Tribunal also upheld the deletion of 'on money' received on sales and disallowed surtax liability as business expenditure. Case-Laws Income Tax Sat, 21 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64410