https://www.taxtmi.com/caselaws?id=221644 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The key legal principles involved were the deductibility of payments to unapproved gratuity funds under sec. 37, the non-inclusion of excise duty in closing stock, the proper allocation of interest-free advances from non-interest-bearing funds, and the allowance of depreciation on goodwill as an intangible asset under sec. 32(1)(ii). en-us Fri, 16 Dec 2011 00:00:00 +0530 Fri, 22 Mar 2013 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221644 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds. The key legal principles involved were the deductibility of payments to unapproved gratuity funds under sec. 37, the non-inclusion of excise duty in closing stock, the proper allocation of interest-free advances from non-interest-bearing funds, and the allowance of depreciation on goodwill as an intangible asset under sec. 32(1)(ii). Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221644