https://www.taxtmi.com/caselaws?id=220029 The Tribunal partly allowed the assessee's appeals in some instances and fully allowed in others, including the allowance of Corporate Debt Restructuring expenses and expenditure on water release and pollution control. The disallowance of long-term capital loss and liability in respect of wages payable to contract laborers was upheld. The Tribunal also canceled the penalty for disallowance of long-term capital loss and depreciation on a co-generation power unit, as tax was payable only on book profit under Section 115JB. en-us Fri, 13 Jul 2012 00:00:00 +0530 Fri, 05 Jul 2013 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220029 The Tribunal partly allowed the assessee's appeals in some instances and fully allowed in others, including the allowance of Corporate Debt Restructuring expenses and expenditure on water release and pollution control. The disallowance of long-term capital loss and liability in respect of wages payable to contract laborers was upheld. The Tribunal also canceled the penalty for disallowance of long-term capital loss and depreciation on a co-generation power unit, as tax was payable only on book profit under Section 115JB. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220029