https://www.taxtmi.com/caselaws?id=359168 The Tribunal partially allowed the appeals, remitting some issues back to the Assessing Officer for fresh adjudication. The Commissioner of Income Tax (Appeals) was upheld in deleting additions related to liquidated damages, entertainment expenses, employees' provident fund contributions, leave travel concession provisions, and excess depreciation on tools and tackles. The Tribunal emphasized consistency with previous decisions, the genuineness of expenses, adherence to legal provisions, and the necessity of business expenses. en-us Fri, 20 Apr 2018 00:00:00 +0530 Wed, 25 Apr 2018 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359168 The Tribunal partially allowed the appeals, remitting some issues back to the Assessing Officer for fresh adjudication. The Commissioner of Income Tax (Appeals) was upheld in deleting additions related to liquidated damages, entertainment expenses, employees' provident fund contributions, leave travel concession provisions, and excess depreciation on tools and tackles. The Tribunal emphasized consistency with previous decisions, the genuineness of expenses, adherence to legal provisions, and the necessity of business expenses. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359168