https://www.taxtmi.com/caselaws?id=282173 The Tribunal dismissed the Revenue's appeal and partially allowed the Assessee's Cross Objection, resolving multiple issues raised during the assessment. The Tribunal upheld the deletion of additions for understated production, interest expenses disallowance, old liability towards M/s Om Steel, and scrap value of replaced wire winding. However, it confirmed the addition for estimated expenditure on shed construction and disallowance of professional fees for non-deduction of TDS. The Tribunal's decisions were based on the adequacy of information provided and relevant legal precedents, resulting in a mixed outcome for both parties. en-us Wed, 12 Dec 2018 00:00:00 +0530 Wed, 24 Jul 2019 20:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282173 The Tribunal dismissed the Revenue's appeal and partially allowed the Assessee's Cross Objection, resolving multiple issues raised during the assessment. The Tribunal upheld the deletion of additions for understated production, interest expenses disallowance, old liability towards M/s Om Steel, and scrap value of replaced wire winding. However, it confirmed the addition for estimated expenditure on shed construction and disallowance of professional fees for non-deduction of TDS. The Tribunal's decisions were based on the adequacy of information provided and relevant legal precedents, resulting in a mixed outcome for both parties. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282173