https://www.taxtmi.com/caselaws?id=117786 The Revenue's appeal was successful in the case, resulting in the restoration of the Assessing Officer's disallowance of Rs. 20,00,000 for the Centralized Effluent Treatment Plant (CETP) and Rs. 135,00,000 for loan guarantee expenses. The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance. Additionally, the Cross Objection by the assessee concerning the disallowance of Rs. 23,16,136 for accrued liability on account of encashable leave was allowed for statistical purposes, instructing the AO to reassess the claim in accordance with the Supreme Court decision in Bharat Earth Movers v. CIT. en-us Mon, 13 Dec 2004 00:00:00 +0530 Tue, 26 Jun 2012 15:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117786 The Revenue's appeal was successful in the case, resulting in the restoration of the Assessing Officer's disallowance of Rs. 20,00,000 for the Centralized Effluent Treatment Plant (CETP) and Rs. 135,00,000 for loan guarantee expenses. The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance. Additionally, the Cross Objection by the assessee concerning the disallowance of Rs. 23,16,136 for accrued liability on account of encashable leave was allowed for statistical purposes, instructing the AO to reassess the claim in accordance with the Supreme Court decision in Bharat Earth Movers v. CIT. Case-Laws Income Tax Mon, 13 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117786