https://www.taxtmi.com/caselaws?id=234165 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s decisions on all contested grounds. The revaluation of inventory due to fungal contamination, allowance of repair expenses for damaged plant and machinery, and deletion of bad debts were all deemed justified based on evidence and judicial precedents. en-us Fri, 26 Apr 2013 00:00:00 +0530 Fri, 31 May 2013 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234165 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s decisions on all contested grounds. The revaluation of inventory due to fungal contamination, allowance of repair expenses for damaged plant and machinery, and deletion of bad debts were all deemed justified based on evidence and judicial precedents. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234165