https://www.taxtmi.com/caselaws?id=373033 The tribunal ruled in favor of the assessee in various issues. The disallowance under section 43B of the Act was deemed erroneous as no claim for deduction was made for excise duty on closing stock. Depreciation disallowance was rejected as depreciation is allowable on the block of assets, not individual units. The disallowance of miscellaneous expenses and legal & professional expenses was overturned due to unreasonable grounds and lack of evidence, respectively. The tribunal granted relief to the assessee on these matters in the judgment pronounced on 16.10.2018. en-us Tue, 16 Oct 2018 00:00:00 +0530 Sat, 05 Jan 2019 08:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373033 The tribunal ruled in favor of the assessee in various issues. The disallowance under section 43B of the Act was deemed erroneous as no claim for deduction was made for excise duty on closing stock. Depreciation disallowance was rejected as depreciation is allowable on the block of assets, not individual units. The disallowance of miscellaneous expenses and legal & professional expenses was overturned due to unreasonable grounds and lack of evidence, respectively. The tribunal granted relief to the assessee on these matters in the judgment pronounced on 16.10.2018. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373033