https://www.taxtmi.com/caselaws?id=257170 The High Court ruled in favor of the assessee on multiple issues concerning tax assessments. The valuation of closing stock, sale of bagasse to a sister concern, and depreciation on a tube-well were decided in favor of the assessee based on legal precedents supporting their positions. However, the High Court directed further examination regarding the excess provision of gratuity and the business loss on export of sugar, emphasizing compliance with tax laws and the need for a detailed assessment. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257170 The High Court ruled in favor of the assessee on multiple issues concerning tax assessments. The valuation of closing stock, sale of bagasse to a sister concern, and depreciation on a tube-well were decided in favor of the assessee based on legal precedents supporting their positions. However, the High Court directed further examination regarding the excess provision of gratuity and the business loss on export of sugar, emphasizing compliance with tax laws and the need for a detailed assessment. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257170