https://www.taxtmi.com/caselaws?id=245661 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition on account of provisions for loss on mark to market on derivatives. The decision was based on judicial precedence, specifically citing the Supreme Court's decision in CIT v/s Woodward Governor (India) P. Ltd. and the Tribunal's previous ruling in a similar case. The Tribunal affirmed the Commissioner (Appeals) decision, emphasizing the importance of adhering to established legal principles in resolving disputes related to such provisions. en-us Fri, 28 Mar 2014 00:00:00 +0530 Fri, 04 Apr 2014 10:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245661 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the addition on account of provisions for loss on mark to market on derivatives. The decision was based on judicial precedence, specifically citing the Supreme Court's decision in CIT v/s Woodward Governor (India) P. Ltd. and the Tribunal's previous ruling in a similar case. The Tribunal affirmed the Commissioner (Appeals) decision, emphasizing the importance of adhering to established legal principles in resolving disputes related to such provisions. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245661