https://www.taxtmi.com/caselaws?id=244384 The Tribunal partly allowed both appeals for statistical purposes, directing various issues back to the Assessing Officer for re-examination. Some issues were decided in accordance with previous Tribunal and Supreme Court decisions. Notable directions included adjustments to opening stock for Modvat credit, re-examination of executive retirement scheme provisions, allowance of actual cash discounts, and detailed scrutiny of repairs and maintenance expenditures. Additionally, netting off rental income and expenses under Section 80HHC, treatment of unaccounted production and sales, and approvals on various disallowances and deductions were highlighted in the Tribunal's decision. en-us Wed, 28 Aug 2013 00:00:00 +0530 Tue, 25 Feb 2014 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244384 The Tribunal partly allowed both appeals for statistical purposes, directing various issues back to the Assessing Officer for re-examination. Some issues were decided in accordance with previous Tribunal and Supreme Court decisions. Notable directions included adjustments to opening stock for Modvat credit, re-examination of executive retirement scheme provisions, allowance of actual cash discounts, and detailed scrutiny of repairs and maintenance expenditures. Additionally, netting off rental income and expenses under Section 80HHC, treatment of unaccounted production and sales, and approvals on various disallowances and deductions were highlighted in the Tribunal's decision. Case-Laws Income Tax Wed, 28 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244384