https://www.taxtmi.com/caselaws?id=328029 The Tribunal upheld the CIT(A)'s decisions on most issues, allowing deductions for security deposits, sales tax paid under protest, excess depreciation, electricity expenses, and labour expenses. It reversed the disallowance of port charges and remanded the issue of long-term capital gains computation for fresh adjudication. The Tribunal emphasized the need to consider actual business expenses and correct valuations in determining taxable income. en-us Tue, 19 Apr 2016 00:00:00 +0530 Mon, 23 May 2016 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328029 The Tribunal upheld the CIT(A)'s decisions on most issues, allowing deductions for security deposits, sales tax paid under protest, excess depreciation, electricity expenses, and labour expenses. It reversed the disallowance of port charges and remanded the issue of long-term capital gains computation for fresh adjudication. The Tribunal emphasized the need to consider actual business expenses and correct valuations in determining taxable income. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328029