https://www.taxtmi.com/caselaws?id=184724 The Tribunal upheld the Assessing Officer's order in a tax case involving issues such as MAT credit entitlement, provision for doubtful debts, additional depreciation on a thermal power plant, subsidy under TUF Scheme, MODVAT credit on capital goods, suspicious transactions, and trading loss on viscose fiber. The Tribunal found that the CIT's direction to the AO was not erroneous or prejudicial to the revenue, citing various legal precedents, and consequently set aside the CIT's order under Section 263, restoring the AO's decision and allowing the appeal of the assessee. en-us Mon, 06 May 2013 00:00:00 +0530 Mon, 18 Jul 2016 17:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184724 The Tribunal upheld the Assessing Officer's order in a tax case involving issues such as MAT credit entitlement, provision for doubtful debts, additional depreciation on a thermal power plant, subsidy under TUF Scheme, MODVAT credit on capital goods, suspicious transactions, and trading loss on viscose fiber. The Tribunal found that the CIT's direction to the AO was not erroneous or prejudicial to the revenue, citing various legal precedents, and consequently set aside the CIT's order under Section 263, restoring the AO's decision and allowing the appeal of the assessee. Case-Laws Income Tax Mon, 06 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184724