https://www.taxtmi.com/caselaws?id=376181 The Tribunal ruled in favor of the assessee on various issues including the addition of freight inward expenses to closing inventory, cost of rejection of goods, provision for material price increase, scrap material cost, prior period expenses, and more. Disallowances were deleted for expenses like commission, advertisement costs, and payments for advisory services. The Tribunal also clarified tax deductions related to various expenses and held that certain disallowances lacked proper justification. The Tribunal remanded one issue back to the Assessing Officer for re-examination. Overall, the Tribunal largely favored the assessee in the case. en-us Wed, 20 Jun 2018 00:00:00 +0530 Mon, 04 Mar 2019 08:26:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376181 The Tribunal ruled in favor of the assessee on various issues including the addition of freight inward expenses to closing inventory, cost of rejection of goods, provision for material price increase, scrap material cost, prior period expenses, and more. Disallowances were deleted for expenses like commission, advertisement costs, and payments for advisory services. The Tribunal also clarified tax deductions related to various expenses and held that certain disallowances lacked proper justification. The Tribunal remanded one issue back to the Assessing Officer for re-examination. Overall, the Tribunal largely favored the assessee in the case. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376181