https://www.taxtmi.com/caselaws?id=237374 The Tax Appeal was dismissed as the Tribunal upheld the CIT(A)'s decisions on all issues. The Tribunal confirmed the deletion of Rs.86,76,651 due to unaccounted glass production, noting no manufacturing occurred. Rs.80,00,000 added under Section 69C was deleted as business expenditure. Rs.5,00,000 disallowance for expenses was rejected as audited accounts supported them. Rs.4,27,868 disallowance for depreciation was dismissed as assets put to use deserved depreciation benefits. The Tribunal emphasized factual analysis, leading to the dismissal of the Tax Appeal without substantial legal questions. en-us Mon, 26 Aug 2013 00:00:00 +0530 Thu, 26 Sep 2013 11:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237374 The Tax Appeal was dismissed as the Tribunal upheld the CIT(A)'s decisions on all issues. The Tribunal confirmed the deletion of Rs.86,76,651 due to unaccounted glass production, noting no manufacturing occurred. Rs.80,00,000 added under Section 69C was deleted as business expenditure. Rs.5,00,000 disallowance for expenses was rejected as audited accounts supported them. Rs.4,27,868 disallowance for depreciation was dismissed as assets put to use deserved depreciation benefits. The Tribunal emphasized factual analysis, leading to the dismissal of the Tax Appeal without substantial legal questions. Case-Laws Income Tax Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237374