https://www.taxtmi.com/caselaws?id=207392 The Tribunal upheld the reduction of disallowances on miscellaneous expenditure, compensation for delayed deliveries, interest charges, and debts written off. Disallowances on direct cost on installation, provision for warranty written back, lack of information about yield of finished product, project coordination expenses, and amounts due from Gujarat Instruments Limited were overturned. The disallowance under Section 40A(2)(b) was also reversed. The Tribunal remitted the issue of provision for diminution in the value of investment back to the AO for further action. The Revenue's appeal was partly allowed, as was the assessee's appeal. en-us Fri, 26 Nov 2010 00:00:00 +0530 Sat, 10 Dec 2011 02:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207392 The Tribunal upheld the reduction of disallowances on miscellaneous expenditure, compensation for delayed deliveries, interest charges, and debts written off. Disallowances on direct cost on installation, provision for warranty written back, lack of information about yield of finished product, project coordination expenses, and amounts due from Gujarat Instruments Limited were overturned. The disallowance under Section 40A(2)(b) was also reversed. The Tribunal remitted the issue of provision for diminution in the value of investment back to the AO for further action. The Revenue's appeal was partly allowed, as was the assessee's appeal. Case-Laws Income Tax Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207392