https://www.taxtmi.com/caselaws?id=375770 Additions for alleged short consumption and inflated raw-material purchases were deleted because they were based only on input-output norms and had already been rejected on similar facts in the assessee's own case. Foreign exchange fluctuation loss disallowance did not reduce section 10B relief, since any addition to profits of an eligible undertaking increases deductible business profits; the Revenue's challenge failed. Employees' contribution to PF/ESI required fresh examination because delay had to be tested against the statutory due date and relevant factual records, so that issue was restored to the Assessing Officer for re-adjudication. en-us Tue, 01 Jan 2019 00:00:00 +0530 Mon, 25 Feb 2019 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375770 Additions for alleged short consumption and inflated raw-material purchases were deleted because they were based only on input-output norms and had already been rejected on similar facts in the assessee's own case. Foreign exchange fluctuation loss disallowance did not reduce section 10B relief, since any addition to profits of an eligible undertaking increases deductible business profits; the Revenue's challenge failed. Employees' contribution to PF/ESI required fresh examination because delay had to be tested against the statutory due date and relevant factual records, so that issue was restored to the Assessing Officer for re-adjudication. Case-Laws Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375770