https://www.taxtmi.com/caselaws?id=260321 The ITAT upheld the CIT(A)'s decisions in favor of the assessee for both issues, involving the addition of closing work-in-progress and excess payment of interest to a sister concern across multiple assessment years. The appeals filed by the Revenue were dismissed, emphasizing consistent valuation methods and lack of justification for disallowances. The judgment provided detailed legal reasoning and analysis, with the cross-objections raised by the assessee deemed academic due to the favorable rulings on merit. en-us Thu, 30 Apr 2015 00:00:00 +0530 Mon, 08 Jun 2015 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260321 The ITAT upheld the CIT(A)'s decisions in favor of the assessee for both issues, involving the addition of closing work-in-progress and excess payment of interest to a sister concern across multiple assessment years. The appeals filed by the Revenue were dismissed, emphasizing consistent valuation methods and lack of justification for disallowances. The judgment provided detailed legal reasoning and analysis, with the cross-objections raised by the assessee deemed academic due to the favorable rulings on merit. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260321