https://www.taxtmi.com/caselaws?id=253904 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of service charges under Section 40A(2)(b) of the Income Tax Act, stating that the Assessing Officer failed to demonstrate that the payments were excessive or unreasonable. The appeals filed by the Revenue for all the years under consideration were dismissed. Regarding the disallowance of inventory write-off as obsolete, the Tribunal partially upheld the disallowance, confirming the write-off to the extent of Rs. 5,00,000 and allowing the remaining Rs. 4,45,000 as a legitimate write-off. The appeal by the assessee was partly allowed. en-us Fri, 05 Dec 2014 00:00:00 +0530 Mon, 08 Dec 2014 06:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253904 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of service charges under Section 40A(2)(b) of the Income Tax Act, stating that the Assessing Officer failed to demonstrate that the payments were excessive or unreasonable. The appeals filed by the Revenue for all the years under consideration were dismissed. Regarding the disallowance of inventory write-off as obsolete, the Tribunal partially upheld the disallowance, confirming the write-off to the extent of Rs. 5,00,000 and allowing the remaining Rs. 4,45,000 as a legitimate write-off. The appeal by the assessee was partly allowed. Case-Laws Income Tax Fri, 05 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253904