https://www.taxtmi.com/caselaws?id=351268 The Tribunal allowed both appeals by the assessee for statistical purposes and dismissed the appeal by the revenue. Detailed directions were provided for various issues, including the deduction of outstanding expenses, treatment of MODVAT credit, set-off of unabsorbed depreciation against long-term capital gain, disallowance of depreciation on walls and fences, and charging of interest under section 234A. The Tribunal emphasized adherence to legal precedents and accounting standards in resolving the disputes. en-us Fri, 10 Nov 2017 00:00:00 +0530 Tue, 21 Nov 2017 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351268 The Tribunal allowed both appeals by the assessee for statistical purposes and dismissed the appeal by the revenue. Detailed directions were provided for various issues, including the deduction of outstanding expenses, treatment of MODVAT credit, set-off of unabsorbed depreciation against long-term capital gain, disallowance of depreciation on walls and fences, and charging of interest under section 234A. The Tribunal emphasized adherence to legal precedents and accounting standards in resolving the disputes. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351268