https://www.taxtmi.com/caselaws?id=260593 The Tribunal partially allowed the appeal of the assessee, overturning the disallowance of provision for trade guarantee as a determined liability rather than a contingent one. The disallowance of provision for trade guarantee written-back was automatically resolved in favor of the assessee. The disallowance of deduction under section 80IA was dismissed due to the absence of a claim. The disallowance of professional fee was overturned as justified for the long-standing power generation business. The addition for provision of trade guarantee to book profit under section 115JB was remanded for further examination by the Assessing Officer. en-us Fri, 05 Jun 2015 00:00:00 +0530 Thu, 18 Jun 2015 06:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260593 The Tribunal partially allowed the appeal of the assessee, overturning the disallowance of provision for trade guarantee as a determined liability rather than a contingent one. The disallowance of provision for trade guarantee written-back was automatically resolved in favor of the assessee. The disallowance of deduction under section 80IA was dismissed due to the absence of a claim. The disallowance of professional fee was overturned as justified for the long-standing power generation business. The addition for provision of trade guarantee to book profit under section 115JB was remanded for further examination by the Assessing Officer. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260593