https://www.taxtmi.com/caselaws?id=257592 The departmental appeals challenging various disallowances were dismissed, with the Tribunal upholding the decisions of the CIT(A) in favor of the assessee. The disallowance for belated PF deposit was deleted as the payment was made before the return due date. The disallowance of cess on green tea leaves was also deleted based on relevant case law. The disallowance of foreign exchange fluctuation was remanded for further assessment. The disallowance under Section 40A(3) for cash payments exceeding the limit was remanded for re-examination. The disallowance of loss in respect of Suffry Tea Estate was confirmed based on previous decisions. Cross objections were allowed and partly allowed for statistical purposes. en-us Fri, 30 Jan 2015 00:00:00 +0530 Tue, 17 Mar 2015 06:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257592 The departmental appeals challenging various disallowances were dismissed, with the Tribunal upholding the decisions of the CIT(A) in favor of the assessee. The disallowance for belated PF deposit was deleted as the payment was made before the return due date. The disallowance of cess on green tea leaves was also deleted based on relevant case law. The disallowance of foreign exchange fluctuation was remanded for further assessment. The disallowance under Section 40A(3) for cash payments exceeding the limit was remanded for re-examination. The disallowance of loss in respect of Suffry Tea Estate was confirmed based on previous decisions. Cross objections were allowed and partly allowed for statistical purposes. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257592