https://www.taxtmi.com/caselaws?id=274995 The Tribunal partially allowed the assessee's appeal in ITA No.235 of 2008, dismissed ITA No.372 of 2009, and dismissed both appeals of the revenue. The disallowance of labor charges under Section 40(a)(ia) was reduced, double disallowance under Sections 40A(3) and 40(a)(ia) was upheld, unvouched labor charges were partially disallowed, depreciation on newly purchased machinery was disallowed, proportionate interest on advances was disallowed, and outstanding credit balances were accepted as legitimate trade creditors. en-us Thu, 18 Nov 2010 00:00:00 +0530 Thu, 13 Sep 2018 17:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274995 The Tribunal partially allowed the assessee's appeal in ITA No.235 of 2008, dismissed ITA No.372 of 2009, and dismissed both appeals of the revenue. The disallowance of labor charges under Section 40(a)(ia) was reduced, double disallowance under Sections 40A(3) and 40(a)(ia) was upheld, unvouched labor charges were partially disallowed, depreciation on newly purchased machinery was disallowed, proportionate interest on advances was disallowed, and outstanding credit balances were accepted as legitimate trade creditors. Case-Laws Income Tax Thu, 18 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274995