https://www.taxtmi.com/caselaws?id=191386 The High Court upheld the Tribunal's decision in a tax dispute case for Assessment Year 1999-2000. The court refused to entertain the Revenue's appeal on various issues, including the inclusion of Modvat in opening stock, addition on account of royalty payment, depreciation on testing equipment, and allowance of club membership fees as capital expenditure. The court found in favor of the respondent-assessee on all counts, dismissing the Revenue's grievances and concluding that no substantial question of law arose for consideration. The appeal was consequently dismissed without any order as to costs. en-us Mon, 04 Jul 2016 00:00:00 +0530 Sat, 01 Apr 2017 10:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191386 The High Court upheld the Tribunal's decision in a tax dispute case for Assessment Year 1999-2000. The court refused to entertain the Revenue's appeal on various issues, including the inclusion of Modvat in opening stock, addition on account of royalty payment, depreciation on testing equipment, and allowance of club membership fees as capital expenditure. The court found in favor of the respondent-assessee on all counts, dismissing the Revenue's grievances and concluding that no substantial question of law arose for consideration. The appeal was consequently dismissed without any order as to costs. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191386