https://www.taxtmi.com/caselaws?id=249767 The Tribunal allowed the assessee's appeal on the disallowance of wharfage/port dues under Section 43B, citing that the dues were contractual, not statutory. The addition of Rs. 3,00,000 due to non-reconciliation in the TDS certificate was upheld. The deletion of the addition for unexplained investment in plant and machinery under Section 69 was confirmed, as the machinery belonged to the assessee. The disallowance of depreciation on plant and machinery was deleted, and the disallowance of general expenses was remanded back to the AO for verification. en-us Wed, 16 Jul 2014 00:00:00 +0530 Wed, 23 Jul 2014 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249767 The Tribunal allowed the assessee's appeal on the disallowance of wharfage/port dues under Section 43B, citing that the dues were contractual, not statutory. The addition of Rs. 3,00,000 due to non-reconciliation in the TDS certificate was upheld. The deletion of the addition for unexplained investment in plant and machinery under Section 69 was confirmed, as the machinery belonged to the assessee. The disallowance of depreciation on plant and machinery was deleted, and the disallowance of general expenses was remanded back to the AO for verification. Case-Laws Income Tax Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249767