https://www.taxtmi.com/caselaws?id=177535 The Court dismissed the appeal regarding the disallowance of project expenses treated as capital in nature, granting liberty to file a Miscellaneous Application for correction. The issue of depreciation disallowance on the multimodal project was admitted for further consideration due to similarity with another appeal. The Court also admitted the issue of prior period expenses for hearing along with another appeal involving the same assessee. The decision to restrict the provision for obsolete stock/stores due to lack of evidence was upheld by the Court. en-us Tue, 25 Jun 2013 00:00:00 +0530 Mon, 06 Mar 2017 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177535 The Court dismissed the appeal regarding the disallowance of project expenses treated as capital in nature, granting liberty to file a Miscellaneous Application for correction. The issue of depreciation disallowance on the multimodal project was admitted for further consideration due to similarity with another appeal. The Court also admitted the issue of prior period expenses for hearing along with another appeal involving the same assessee. The decision to restrict the provision for obsolete stock/stores due to lack of evidence was upheld by the Court. Case-Laws Income Tax Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177535