https://www.taxtmi.com/caselaws?id=179734 The Tribunal upheld the CIT(A)'s decision favoring the assessee in a case involving the reopening of assessment, disallowance of interest on capital borrowed for a project, addition of provision for doubtful debts in computing book profit, deduction under section 80HHC, depreciation on computer peripherals, disallowance of usance interest on import bills, and disallowance of notional value of unutilized import entitlements. The Tribunal ruled in favor of the assessee on all issues, emphasizing adherence to accounting principles and legal interpretations, and dismissing the Revenue's appeals. en-us Fri, 22 Jul 2011 00:00:00 +0530 Tue, 08 Mar 2016 18:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179734 The Tribunal upheld the CIT(A)'s decision favoring the assessee in a case involving the reopening of assessment, disallowance of interest on capital borrowed for a project, addition of provision for doubtful debts in computing book profit, deduction under section 80HHC, depreciation on computer peripherals, disallowance of usance interest on import bills, and disallowance of notional value of unutilized import entitlements. The Tribunal ruled in favor of the assessee on all issues, emphasizing adherence to accounting principles and legal interpretations, and dismissing the Revenue's appeals. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179734