https://www.taxtmi.com/caselaws?id=327511 HC upheld the ITAT and CIT(A) in deleting additions: disallowance of miscellaneous expenses and depreciation was overturned because CIT(A) found the accounts justified, AO gave no rational basis for disallowing 50%, and books were not rejected; findings of fact were not perverse. Deletion of interest on time deposits was also upheld since accrual entries were for quarterly closing, subsequently reversed, the actual interest received was offered to tax, and there was no suppression. Both decisions were against revenue. en-us Tue, 10 May 2016 00:00:00 +0530 Wed, 17 Sep 2025 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327511 HC upheld the ITAT and CIT(A) in deleting additions: disallowance of miscellaneous expenses and depreciation was overturned because CIT(A) found the accounts justified, AO gave no rational basis for disallowing 50%, and books were not rejected; findings of fact were not perverse. Deletion of interest on time deposits was also upheld since accrual entries were for quarterly closing, subsequently reversed, the actual interest received was offered to tax, and there was no suppression. Both decisions were against revenue. Case-Laws Income Tax Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327511