https://www.taxtmi.com/caselaws?id=275986 The Assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. The Tribunal directed various adjustments including disallowance of interest on advances made, allowance of deferred revenue expenditure, re-computation of closing stock valuation, taxation of interest on Government Securities, exclusion of estimated import duty benefit from income, allowance of pooja expenses and payments to relatives of deceased employees, and deduction of professional fees in computing capital gains. The Tribunal upheld the restriction on deduction for repairs and maintenance under 'house property' but allowed the deduction of foreign exchange loss. en-us Fri, 22 Aug 2014 00:00:00 +0530 Thu, 25 Oct 2018 08:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275986 The Assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. The Tribunal directed various adjustments including disallowance of interest on advances made, allowance of deferred revenue expenditure, re-computation of closing stock valuation, taxation of interest on Government Securities, exclusion of estimated import duty benefit from income, allowance of pooja expenses and payments to relatives of deceased employees, and deduction of professional fees in computing capital gains. The Tribunal upheld the restriction on deduction for repairs and maintenance under 'house property' but allowed the deduction of foreign exchange loss. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275986