https://www.taxtmi.com/caselaws?id=237141 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal in a tax case involving various disallowances and deductions under the Income Tax Act. The Tribunal upheld the CIT(A)'s decisions to delete disallowances related to village development expenses, contribution to REGMA, exclusion of sales tax and excise duty from turnover, and negation of reduction in export turnover. Disallowances of professional fees, charges for time extension in construction, and computation of deduction on net dividend income were partially upheld. The Tribunal's rulings were supported by referencing prior decisions and interpreting relevant tax provisions favorably for the assessee. en-us Fri, 14 Dec 2012 00:00:00 +0530 Thu, 19 Sep 2013 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237141 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal in a tax case involving various disallowances and deductions under the Income Tax Act. The Tribunal upheld the CIT(A)'s decisions to delete disallowances related to village development expenses, contribution to REGMA, exclusion of sales tax and excise duty from turnover, and negation of reduction in export turnover. Disallowances of professional fees, charges for time extension in construction, and computation of deduction on net dividend income were partially upheld. The Tribunal's rulings were supported by referencing prior decisions and interpreting relevant tax provisions favorably for the assessee. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237141