https://www.taxtmi.com/caselaws?id=262062 The ITAT upheld the CIT(A)'s decisions in various matters, including the deletion of additions related to unutilized MODVAT credit, provision for bad debts, excess expenditure on voluntary retirement, revenue generated from trial run production, and others. The ITAT also allowed the assessee's claim of additional gratuity and deduction under section 35DDA. Additionally, the ITAT upheld the CIT(A)'s directions resulting in reducing the total income to less than the returned income. The ITAT restored the issue of capital investment subsidy for fresh adjudication and excluded profit on sale of investments in the computation of book profit under section 115JB. The ITAT also upheld the exclusion of the amount transferred to debenture redemption reserve and directed the AO to reexamine written-off insurance and railway claims. en-us Wed, 29 Jul 2015 00:00:00 +0530 Fri, 31 Jul 2015 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262062 The ITAT upheld the CIT(A)'s decisions in various matters, including the deletion of additions related to unutilized MODVAT credit, provision for bad debts, excess expenditure on voluntary retirement, revenue generated from trial run production, and others. The ITAT also allowed the assessee's claim of additional gratuity and deduction under section 35DDA. Additionally, the ITAT upheld the CIT(A)'s directions resulting in reducing the total income to less than the returned income. The ITAT restored the issue of capital investment subsidy for fresh adjudication and excluded profit on sale of investments in the computation of book profit under section 115JB. The ITAT also upheld the exclusion of the amount transferred to debenture redemption reserve and directed the AO to reexamine written-off insurance and railway claims. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262062