https://www.taxtmi.com/caselaws?id=270987 The assessee successfully challenged various additions made by the Assessing Officer, with the Tribunal ruling in favor of the assessee on all disputed grounds. The Tribunal allowed the appeal filed by the assessee and dismissed the appeal filed by the Revenue, concluding in favor of the assessee on issues including closing stock valuation, eligibility for additional depreciation on plant and machinery, disallowance of interest on loans to directors, depreciation on machinery, and profit earned on preoperative sales. en-us Fri, 30 Oct 2015 00:00:00 +0530 Fri, 22 Jan 2016 09:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270987 The assessee successfully challenged various additions made by the Assessing Officer, with the Tribunal ruling in favor of the assessee on all disputed grounds. The Tribunal allowed the appeal filed by the assessee and dismissed the appeal filed by the Revenue, concluding in favor of the assessee on issues including closing stock valuation, eligibility for additional depreciation on plant and machinery, disallowance of interest on loans to directors, depreciation on machinery, and profit earned on preoperative sales. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270987