https://www.taxtmi.com/caselaws?id=174785 The appeal filed by the Revenue was dismissed, and the cross objection filed by the assessee was allowed. The Tribunal upheld the deletion of disallowances related to provision for ageing of inventory, foreign exchange fluctuation amount, loss due to restatement/revaluation of debtors and creditors, and running and maintenance expenses for personal usage. The decisions were based on precedents and previous tribunal rulings in favor of the assessee, leading to the overall outcome in favor of the assessee. en-us Mon, 10 Jan 2011 00:00:00 +0530 Tue, 17 May 2016 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174785 The appeal filed by the Revenue was dismissed, and the cross objection filed by the assessee was allowed. The Tribunal upheld the deletion of disallowances related to provision for ageing of inventory, foreign exchange fluctuation amount, loss due to restatement/revaluation of debtors and creditors, and running and maintenance expenses for personal usage. The decisions were based on precedents and previous tribunal rulings in favor of the assessee, leading to the overall outcome in favor of the assessee. Case-Laws Income Tax Mon, 10 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174785