https://www.taxtmi.com/caselaws?id=339203 The ITAT partly allowed the assessee's appeals for the assessment years 2004-05, 2005-06, and 2006-07, while dismissing the Revenue's appeals. Key issues included the applicability of sections 147 and 148, depreciation on goodwill, notional interest on advances, unexplained cash credits, prior period expenses, and job work income differences. The ITAT upheld the depreciation claim on goodwill but added notional interest on advances and unexplained cash credits. Disallowances of prior period expenses were upheld, and job work income differences were partially allowed. The ITAT dismissed the Revenue's appeal against the deletion of additions related to unsecured loans and various expenses by CIT(A). en-us Thu, 16 Feb 2017 00:00:00 +0530 Tue, 21 Feb 2017 00:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339203 The ITAT partly allowed the assessee's appeals for the assessment years 2004-05, 2005-06, and 2006-07, while dismissing the Revenue's appeals. Key issues included the applicability of sections 147 and 148, depreciation on goodwill, notional interest on advances, unexplained cash credits, prior period expenses, and job work income differences. The ITAT upheld the depreciation claim on goodwill but added notional interest on advances and unexplained cash credits. Disallowances of prior period expenses were upheld, and job work income differences were partially allowed. The ITAT dismissed the Revenue's appeal against the deletion of additions related to unsecured loans and various expenses by CIT(A). Case-Laws Income Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339203