https://www.taxtmi.com/caselaws?id=326265 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeal on all contested issues. Key points include recognizing initial connection charges as liabilities or capital receipts, the absence of closing stock due to immediate sales, eligibility for depreciation on owned assets, classifying compression of natural gas as manufacturing, and treating liquidated damages as capital receipts. en-us Wed, 02 Mar 2016 00:00:00 +0530 Mon, 11 Apr 2016 10:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326265 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeal on all contested issues. Key points include recognizing initial connection charges as liabilities or capital receipts, the absence of closing stock due to immediate sales, eligibility for depreciation on owned assets, classifying compression of natural gas as manufacturing, and treating liquidated damages as capital receipts. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326265