https://www.taxtmi.com/caselaws?id=333901 The Tribunal allowed the assessee's appeal, ruling that the AO unjustly disallowed the entire manufacturing/trading loss of Rs. 62,77,969 due to arbitrary actions unsupported by valid reasons or industry standards. The Tribunal also found the partial disallowance of telephone, staff welfare, and traveling expenses to be ad hoc and unjustified, deleting these disallowances. The final order in favor of the assessee was pronounced on 05/10/2016. en-us Wed, 05 Oct 2016 00:00:00 +0530 Thu, 27 Oct 2016 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333901 The Tribunal allowed the assessee's appeal, ruling that the AO unjustly disallowed the entire manufacturing/trading loss of Rs. 62,77,969 due to arbitrary actions unsupported by valid reasons or industry standards. The Tribunal also found the partial disallowance of telephone, staff welfare, and traveling expenses to be ad hoc and unjustified, deleting these disallowances. The final order in favor of the assessee was pronounced on 05/10/2016. Case-Laws Income Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333901