https://www.taxtmi.com/caselaws?id=329567 The Tribunal allowed the appeal in ITA No. 508/H/12 partly for statistical purposes, directing the AO to delete disallowances on interest paid on FCCB, bank interest, and finance charges. The Tribunal also remitted issues on depreciation, scientific research expenditure, and gratuity provisions back to the AO for verification. In ITA No. 1041/H/13, the Tribunal directed the AO to delete additions for delayed remittance of PF & ESI and foreign exchange fluctuation, following relevant legal precedents. The Tribunal quashed the CIT-III's revision of the assessment order, stating the AO had already considered the issues. en-us Tue, 31 May 2016 00:00:00 +0530 Tue, 05 Jul 2016 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329567 The Tribunal allowed the appeal in ITA No. 508/H/12 partly for statistical purposes, directing the AO to delete disallowances on interest paid on FCCB, bank interest, and finance charges. The Tribunal also remitted issues on depreciation, scientific research expenditure, and gratuity provisions back to the AO for verification. In ITA No. 1041/H/13, the Tribunal directed the AO to delete additions for delayed remittance of PF & ESI and foreign exchange fluctuation, following relevant legal precedents. The Tribunal quashed the CIT-III's revision of the assessment order, stating the AO had already considered the issues. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329567