https://www.taxtmi.com/caselaws?id=357374 The Revenue's appeal regarding the deletion of an addition for suppressed sales was dismissed by the ITAT, upholding the CIT(A)'s decision that without concrete evidence, assuming sales suppression is unwarranted. The Assessee's appeal against various disallowances was partially allowed, with disallowances for interest capitalization, building depreciation, foreign trip expenses, and sales promotion expenses upheld, while the disallowance for consumables expenditure was overturned due to lack of incriminating evidence. The ITAT's decision favored the Assessee on some grounds and dismissed the Revenue's appeal. en-us Tue, 13 Mar 2018 00:00:00 +0530 Thu, 22 Mar 2018 08:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357374 The Revenue's appeal regarding the deletion of an addition for suppressed sales was dismissed by the ITAT, upholding the CIT(A)'s decision that without concrete evidence, assuming sales suppression is unwarranted. The Assessee's appeal against various disallowances was partially allowed, with disallowances for interest capitalization, building depreciation, foreign trip expenses, and sales promotion expenses upheld, while the disallowance for consumables expenditure was overturned due to lack of incriminating evidence. The ITAT's decision favored the Assessee on some grounds and dismissed the Revenue's appeal. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357374