https://www.taxtmi.com/caselaws?id=342040 The ITAT dismissed the revenue's appeal and partly allowed the assessee's appeal. It upheld the allowance of depreciation on plant and machinery during factory closure, the write-off of sundry debtors, loans, advances, and fixed assets, and the interest amount disallowance was deleted. The ITAT admitted additional grounds on extraordinary income for further assessment by the AO. The order was pronounced on 11/04/2017. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342040 The ITAT dismissed the revenue's appeal and partly allowed the assessee's appeal. It upheld the allowance of depreciation on plant and machinery during factory closure, the write-off of sundry debtors, loans, advances, and fixed assets, and the interest amount disallowance was deleted. The ITAT admitted additional grounds on extraordinary income for further assessment by the AO. The order was pronounced on 11/04/2017. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342040