https://www.taxtmi.com/caselaws?id=68320 The Tribunal partly allowed the appeal, dismissing issues related to standard deduction and closing stock. Disallowances of expenses for Unit-I and Unit-II were discussed, with some reductions by the CIT(A) and upheld by the Tribunal. The disallowance of traveling expenses was deleted, while donations, car expenses, and depreciation disallowances were confirmed. Trading addition in M/s. Asteriated Minerals & Chemicals was partially sustained, considering increased expenses. The interest charged under sections 234B and 234C was upheld as valid by the Tribunal, citing precedents and declining to interfere with the CIT(A)'s decision. en-us Wed, 27 Mar 2002 00:00:00 +0530 Tue, 29 Mar 2011 12:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68320 The Tribunal partly allowed the appeal, dismissing issues related to standard deduction and closing stock. Disallowances of expenses for Unit-I and Unit-II were discussed, with some reductions by the CIT(A) and upheld by the Tribunal. The disallowance of traveling expenses was deleted, while donations, car expenses, and depreciation disallowances were confirmed. Trading addition in M/s. Asteriated Minerals & Chemicals was partially sustained, considering increased expenses. The interest charged under sections 234B and 234C was upheld as valid by the Tribunal, citing precedents and declining to interfere with the CIT(A)'s decision. Case-Laws Income Tax Wed, 27 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68320