https://www.taxtmi.com/caselaws?id=254332 The Tribunal upheld the deletion of Rs. 53,55,83,509/- for undervaluation of closing stock of sugar, allowed expenses under section 14A except for 0.5% disallowance, deleted balance written off as bad debt or business loss, upheld deletion of trial run expenses as revenue expenses, and deleted proportionate interest disallowance. The Tribunal partly allowed the Revenue's appeal for statistical purposes, confirming the CIT(A)'s decisions with a modification for the 0.5% disallowance under Rule 8D(2)(iii). en-us Tue, 16 Dec 2014 00:00:00 +0530 Fri, 19 Dec 2014 12:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254332 The Tribunal upheld the deletion of Rs. 53,55,83,509/- for undervaluation of closing stock of sugar, allowed expenses under section 14A except for 0.5% disallowance, deleted balance written off as bad debt or business loss, upheld deletion of trial run expenses as revenue expenses, and deleted proportionate interest disallowance. The Tribunal partly allowed the Revenue's appeal for statistical purposes, confirming the CIT(A)'s decisions with a modification for the 0.5% disallowance under Rule 8D(2)(iii). Case-Laws Income Tax Tue, 16 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254332