https://www.taxtmi.com/caselaws?id=354146 The Tribunal allowed the assessee's appeal, permitting the write-off of inventory valued at Rs. 14,40,81,661/- and rejecting the disallowance of expenses under Section 14A. The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 12,55,44,413/- and dismissed the revenue's appeal, refusing the disallowance of Rs. 1,85,37,248/-. The Tribunal's ruling was grounded in a detailed review of the facts, compliance with accounting standards, and reference to legal precedents. en-us Wed, 10 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354146 The Tribunal allowed the assessee's appeal, permitting the write-off of inventory valued at Rs. 14,40,81,661/- and rejecting the disallowance of expenses under Section 14A. The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 12,55,44,413/- and dismissed the revenue's appeal, refusing the disallowance of Rs. 1,85,37,248/-. The Tribunal's ruling was grounded in a detailed review of the facts, compliance with accounting standards, and reference to legal precedents. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354146