https://www.taxtmi.com/caselaws?id=209869 The tribunal upheld the disallowance under section 43B of the IT Act, directing the matter back to the Ld. Commissioner of Income Tax (Appeals) for consideration of the balance amount. Regarding the deduction of Excise Duty, the tribunal affirmed it as a capital expenditure not deductible for computing taxable income, ruling in favor of the Revenue. The judgments stressed the necessity of adequate evidence for claims and the differentiation between revenue and capital expenditures in tax assessments. en-us Fri, 20 May 2011 00:00:00 +0530 Sat, 04 Feb 2012 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209869 The tribunal upheld the disallowance under section 43B of the IT Act, directing the matter back to the Ld. Commissioner of Income Tax (Appeals) for consideration of the balance amount. Regarding the deduction of Excise Duty, the tribunal affirmed it as a capital expenditure not deductible for computing taxable income, ruling in favor of the Revenue. The judgments stressed the necessity of adequate evidence for claims and the differentiation between revenue and capital expenditures in tax assessments. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209869