https://www.taxtmi.com/caselaws?id=347969 The ITAT ruled in favor of the assessee on multiple grounds including disallowance under Section 14A of the Income Tax Act, inclusion of CENVAT credit in the valuation of closing stock, disallowance of foreign exchange loss on forward contracts, and depreciation rate on UPS. The disallowances were deleted based on judicial precedents and detailed analysis, providing relief to the assessee. The order was pronounced on 11th September, 2017. en-us Mon, 11 Sep 2017 00:00:00 +0530 Thu, 14 Sep 2017 08:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347969 The ITAT ruled in favor of the assessee on multiple grounds including disallowance under Section 14A of the Income Tax Act, inclusion of CENVAT credit in the valuation of closing stock, disallowance of foreign exchange loss on forward contracts, and depreciation rate on UPS. The disallowances were deleted based on judicial precedents and detailed analysis, providing relief to the assessee. The order was pronounced on 11th September, 2017. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347969