https://www.taxtmi.com/caselaws?id=236191 The tribunal upheld the CIT(A)'s decisions in a case involving a liquor contractor, reducing the disallowance of proportionate interest to 12%, providing relief for vehicle insurance and registration expenses, deleting an addition for under valuation of closing stock, and allowing depreciation on the written down value of carats. The tribunal dismissed the department's appeal, emphasizing consistency, factual accuracy, and adherence to legal standards in evaluating the assessee's claims. en-us Tue, 06 Aug 2013 00:00:00 +0530 Sat, 17 Aug 2013 07:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236191 The tribunal upheld the CIT(A)'s decisions in a case involving a liquor contractor, reducing the disallowance of proportionate interest to 12%, providing relief for vehicle insurance and registration expenses, deleting an addition for under valuation of closing stock, and allowing depreciation on the written down value of carats. The tribunal dismissed the department's appeal, emphasizing consistency, factual accuracy, and adherence to legal standards in evaluating the assessee's claims. Case-Laws Income Tax Tue, 06 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236191