https://www.taxtmi.com/caselaws?id=362007 The Tribunal upheld the deletion of disallowances for conversion charges, repair and maintenance expenses, and business promotion expenses, citing lack of evidence and merit in the AO's assumptions. The disallowance of fabrication charges paid to sister concerns was also deleted as excessive claims were not proven. However, the disallowance of production incentives was remanded to the AO for further assessment due to insufficient evidence, resulting in partial allowance of the Revenue's appeal. en-us Thu, 14 Jun 2018 00:00:00 +0530 Sat, 16 Jun 2018 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362007 The Tribunal upheld the deletion of disallowances for conversion charges, repair and maintenance expenses, and business promotion expenses, citing lack of evidence and merit in the AO's assumptions. The disallowance of fabrication charges paid to sister concerns was also deleted as excessive claims were not proven. However, the disallowance of production incentives was remanded to the AO for further assessment due to insufficient evidence, resulting in partial allowance of the Revenue's appeal. Case-Laws Income Tax Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362007