https://www.taxtmi.com/caselaws?id=67134 The Tribunal allowed the appeal in favor of the assessee on all grounds. The disallowance of investment allowance was overturned as the Tribunal found the assessee had a valid contract for purchasing the plant. The addition for alleged excessive consumption of coal was deleted due to lack of concrete evidence. The addition for alleged undisclosed sale of coal ash was also deleted as the tax authorities' method of computation was deemed incorrect. The disallowance of miscellaneous expenditure was reversed as the expenses were necessary and supported by vouchers. The Tribunal directed the AO to recompute profits under Section 115J in accordance with the orders. en-us Thu, 20 May 1993 00:00:00 +0530 Wed, 09 Mar 2011 12:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67134 The Tribunal allowed the appeal in favor of the assessee on all grounds. The disallowance of investment allowance was overturned as the Tribunal found the assessee had a valid contract for purchasing the plant. The addition for alleged excessive consumption of coal was deleted due to lack of concrete evidence. The addition for alleged undisclosed sale of coal ash was also deleted as the tax authorities' method of computation was deemed incorrect. The disallowance of miscellaneous expenditure was reversed as the expenses were necessary and supported by vouchers. The Tribunal directed the AO to recompute profits under Section 115J in accordance with the orders. Case-Laws Income Tax Thu, 20 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67134