https://www.taxtmi.com/caselaws?id=185666 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The rejection of books of account under Section 145 of the Income Tax Act, addition for suppressed production, and disallowances of interest expenses and interest on cash balance were deemed unjustified and were deleted. The Assessee's arguments regarding the discrepancies in electricity consumption and the availability of interest-free funds were accepted, leading to the rejection of the Revenue's claims. en-us Fri, 18 Jun 2010 00:00:00 +0530 Tue, 23 Aug 2016 12:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185666 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The rejection of books of account under Section 145 of the Income Tax Act, addition for suppressed production, and disallowances of interest expenses and interest on cash balance were deemed unjustified and were deleted. The Assessee's arguments regarding the discrepancies in electricity consumption and the availability of interest-free funds were accepted, leading to the rejection of the Revenue's claims. Case-Laws Income Tax Fri, 18 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185666