https://www.taxtmi.com/caselaws?id=118536 The Tribunal in this case provided a detailed analysis of various issues raised by the assessee and the revenue. It ruled in favor of the assessee on some matters, such as condoning the delay in filing cross objections, disallowance of entertainment expenses, and addition of Modvat credit in the value of closing stock. On other issues, like disallowance under Rule 6B and disallowance of capital subsidy, the Tribunal upheld the revenue's position. The Tribunal's decisions were guided by relevant legal precedents and accounting standards, ensuring fairness and adherence to proper practices. en-us Tue, 20 Dec 2005 00:00:00 +0530 Wed, 04 Jul 2012 10:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118536 The Tribunal in this case provided a detailed analysis of various issues raised by the assessee and the revenue. It ruled in favor of the assessee on some matters, such as condoning the delay in filing cross objections, disallowance of entertainment expenses, and addition of Modvat credit in the value of closing stock. On other issues, like disallowance under Rule 6B and disallowance of capital subsidy, the Tribunal upheld the revenue's position. The Tribunal's decisions were guided by relevant legal precedents and accounting standards, ensuring fairness and adherence to proper practices. Case-Laws Income Tax Tue, 20 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118536