https://www.taxtmi.com/caselaws?id=188741 The Tribunal partly allowed the assessee's appeal, permitting pre-operative and trial run expenditures, interest for the steel unit, foreign travel expenses, adjustment of prior period expenditure, debenture redemption reserves, closing stock valuation, MODVAT credit exclusion, training fees deduction, and VRS payment deduction. However, the disallowance of sales tax deferment loan, technical know-how fees deduction limitation, annual property value computation, and disallowance of expenditure for tax-free income were upheld. The revenue's appeal was entirely dismissed. en-us Wed, 25 Feb 2009 00:00:00 +0530 Thu, 15 Dec 2016 10:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188741 The Tribunal partly allowed the assessee's appeal, permitting pre-operative and trial run expenditures, interest for the steel unit, foreign travel expenses, adjustment of prior period expenditure, debenture redemption reserves, closing stock valuation, MODVAT credit exclusion, training fees deduction, and VRS payment deduction. However, the disallowance of sales tax deferment loan, technical know-how fees deduction limitation, annual property value computation, and disallowance of expenditure for tax-free income were upheld. The revenue's appeal was entirely dismissed. Case-Laws Income Tax Wed, 25 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188741