https://www.taxtmi.com/caselaws?id=151057 The Tribunal allowed the assessee's appeal in part, directing verification of bad debts write-off from corporate level books, remanding the inventory value reduction for verification, allowing repairs and renovation expenses as revenue expenditure, excluding certain items from turnover for deduction computation, permitting recruitment and training expenses as revenue expenditure, upholding the treatment of foreign exchange fluctuation loss as real, and accepting the provision for leave encashment and belated provident fund payment. The Revenue's appeals were dismissed. en-us Fri, 29 Aug 2008 00:00:00 +0530 Tue, 28 May 2013 10:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151057 The Tribunal allowed the assessee's appeal in part, directing verification of bad debts write-off from corporate level books, remanding the inventory value reduction for verification, allowing repairs and renovation expenses as revenue expenditure, excluding certain items from turnover for deduction computation, permitting recruitment and training expenses as revenue expenditure, upholding the treatment of foreign exchange fluctuation loss as real, and accepting the provision for leave encashment and belated provident fund payment. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151057