https://www.taxtmi.com/caselaws?id=178569 The revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to re-examine certain disallowed claims with the opportunity for the assessee to provide necessary documentation. The Tribunal upheld disallowances related to amortization of leasehold land premium and provisions for doubtful debts, while allowing appeals on provisions for gratuity and leave encashment based on actuarial valuation. The disallowance of set-off of losses for computing book profit was reversed in favor of the assessee based on correct computation principles. The Tribunal also upheld an adhoc 5% disallowance on specific expense heads due to lack of detailed information. en-us Wed, 16 Mar 2011 00:00:00 +0530 Tue, 25 Apr 2023 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178569 The revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to re-examine certain disallowed claims with the opportunity for the assessee to provide necessary documentation. The Tribunal upheld disallowances related to amortization of leasehold land premium and provisions for doubtful debts, while allowing appeals on provisions for gratuity and leave encashment based on actuarial valuation. The disallowance of set-off of losses for computing book profit was reversed in favor of the assessee based on correct computation principles. The Tribunal also upheld an adhoc 5% disallowance on specific expense heads due to lack of detailed information. Case-Laws Income Tax Wed, 16 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178569