https://www.taxtmi.com/caselaws?id=65243 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. Key rulings included the allowance of loss carry forward due to justified late filing, deletion of certain disallowances, and adjustments to depreciation claims. The Tribunal directed the AO to verify specific deductions and upheld CIT(A)'s decisions on several contested issues, including unexplained cash credits and staff welfare expenses. Additionally, the Tribunal provided partial relief on entertainment and conference expenses, while maintaining certain disallowances as per prior decisions. Overall, the Tribunal's decisions favored the assessee on multiple issues, resulting in a partial victory. en-us Tue, 29 Jul 2003 00:00:00 +0530 Mon, 12 Aug 2024 18:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65243 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. Key rulings included the allowance of loss carry forward due to justified late filing, deletion of certain disallowances, and adjustments to depreciation claims. The Tribunal directed the AO to verify specific deductions and upheld CIT(A)'s decisions on several contested issues, including unexplained cash credits and staff welfare expenses. Additionally, the Tribunal provided partial relief on entertainment and conference expenses, while maintaining certain disallowances as per prior decisions. Overall, the Tribunal's decisions favored the assessee on multiple issues, resulting in a partial victory. Case-Laws Income Tax Tue, 29 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65243