https://www.taxtmi.com/caselaws?id=261255 Tribunal and appellate findings that disallowance of interest not charged on a debit balance was unsupported by record were upheld, sustaining deletion in favour of the assessee. Likewise, factual conclusions that sale of bagasse to a sister concern was governed by an advance bulk supply agreement, market prices fluctuated, and the assessing officer produced no consistent contrary material led to deletion of the addition for suppressed price. The Tribunal's direction to leave depreciation in the profit and loss account intact was affirmed based on controlling precedent regarding treatment of depreciation on revalued assets for statutory income computation. en-us Mon, 16 Dec 2013 00:00:00 +0530 Thu, 28 Feb 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261255 Tribunal and appellate findings that disallowance of interest not charged on a debit balance was unsupported by record were upheld, sustaining deletion in favour of the assessee. Likewise, factual conclusions that sale of bagasse to a sister concern was governed by an advance bulk supply agreement, market prices fluctuated, and the assessing officer produced no consistent contrary material led to deletion of the addition for suppressed price. The Tribunal's direction to leave depreciation in the profit and loss account intact was affirmed based on controlling precedent regarding treatment of depreciation on revalued assets for statutory income computation. Case-Laws Income Tax Mon, 16 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261255