https://www.taxtmi.com/caselaws?id=209403 The Tribunal's judgment resulted in a mixed outcome, with some grounds dismissed and others allowed, leading to a partial allowance of the Revenue's appeals for both assessment years. The disallowance of depreciation on account of foreign exchange fluctuation was dismissed, while the addition of provision for bad and doubtful debts to book profits was allowed. The Tribunal upheld the provision for leave encashment and the nature of expenditure for fly ash collection system as revenue expenditure. However, the addition of provision for wealth-tax while computing book profits was restored, resulting in a varied decision on different issues raised in the case. en-us Fri, 25 Jun 2010 00:00:00 +0530 Sat, 20 Jul 2013 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209403 The Tribunal's judgment resulted in a mixed outcome, with some grounds dismissed and others allowed, leading to a partial allowance of the Revenue's appeals for both assessment years. The disallowance of depreciation on account of foreign exchange fluctuation was dismissed, while the addition of provision for bad and doubtful debts to book profits was allowed. The Tribunal upheld the provision for leave encashment and the nature of expenditure for fly ash collection system as revenue expenditure. However, the addition of provision for wealth-tax while computing book profits was restored, resulting in a varied decision on different issues raised in the case. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209403