https://www.taxtmi.com/caselaws?id=210086 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee, dismissing the revenue's appeal on all grounds. The judgment emphasized the mandatory nature of section 145A for valuation of closing stock with unutilized cenvat credit, the deductibility of bad debt for margin money deposit under section 36(2)(i), and the disallowance under section 40A(2)(b) for labor charges paid to a sister concern. The Tribunal highlighted the significance of providing evidence and adhering to statutory procedures in tax matters. en-us Tue, 03 May 2011 00:00:00 +0530 Thu, 29 Nov 2012 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210086 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee, dismissing the revenue's appeal on all grounds. The judgment emphasized the mandatory nature of section 145A for valuation of closing stock with unutilized cenvat credit, the deductibility of bad debt for margin money deposit under section 36(2)(i), and the disallowance under section 40A(2)(b) for labor charges paid to a sister concern. The Tribunal highlighted the significance of providing evidence and adhering to statutory procedures in tax matters. Case-Laws Income Tax Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210086