https://www.taxtmi.com/caselaws?id=171037 The Tribunal upheld the deletion of additions on account of storage charges receivable, disallowance of prior period expenses, disallowance of prior period income, and disallowance of depreciation. The Tribunal also upheld the direction not to tax the subsidy and to reduce income by excess depreciation. However, the Tribunal disagreed with the confirmation of disallowance of employer's contribution to P.F. and disallowance of professional fees, allowing them as per relevant provisions of the Act. The appeal of the Revenue was partly allowed for statistical purposes, and the Cross Objection of the assessee was allowed. en-us Mon, 30 Apr 2012 00:00:00 +0530 Thu, 21 Apr 2016 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171037 The Tribunal upheld the deletion of additions on account of storage charges receivable, disallowance of prior period expenses, disallowance of prior period income, and disallowance of depreciation. The Tribunal also upheld the direction not to tax the subsidy and to reduce income by excess depreciation. However, the Tribunal disagreed with the confirmation of disallowance of employer's contribution to P.F. and disallowance of professional fees, allowing them as per relevant provisions of the Act. The appeal of the Revenue was partly allowed for statistical purposes, and the Cross Objection of the assessee was allowed. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171037