https://www.taxtmi.com/caselaws?id=237244 The Tribunal held that the payment towards CAMPA was a revenue expenditure, allowing the entire amount as a deduction. Brought forward losses were allowed to be carried forward and set off. Shortages in closing stock were added to the income. Sales promotion expenses disallowed. PF/ESI payments disallowed but later allowed. Sales to Kalyani Steels Ltd. below market rates were not added. Interest on advance to Vijayanagar Ispat Ltd. was not disallowed. The charging of interest under sections 234A, 234B, and 234C was upheld as mandatory. The Tribunal's decisions focused on factual analysis and legal principles, ensuring fair outcomes for each issue. en-us Fri, 02 Nov 2012 00:00:00 +0530 Fri, 26 Feb 2016 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237244 The Tribunal held that the payment towards CAMPA was a revenue expenditure, allowing the entire amount as a deduction. Brought forward losses were allowed to be carried forward and set off. Shortages in closing stock were added to the income. Sales promotion expenses disallowed. PF/ESI payments disallowed but later allowed. Sales to Kalyani Steels Ltd. below market rates were not added. Interest on advance to Vijayanagar Ispat Ltd. was not disallowed. The charging of interest under sections 234A, 234B, and 234C was upheld as mandatory. The Tribunal's decisions focused on factual analysis and legal principles, ensuring fair outcomes for each issue. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237244