https://www.taxtmi.com/caselaws?id=282167 The Tribunal partly allowed the assessee's appeal for statistical purposes and dismissed the Revenue's appeal. Key outcomes included remanding the disallowance of late delivery fees and liquidated damages back to the AO for verification. The Tribunal upheld CIT(A)'s decisions on issues like Section 14A expenses, depreciation on windmills, and commission disallowance, emphasizing adherence to precedents and evidentiary requirements. The Tribunal also supported CIT(A) on provisions for warranty and long-term capital loss, aligning with established case law and lacking evidence of tax avoidance. en-us Mon, 12 Feb 2018 00:00:00 +0530 Thu, 14 Nov 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282167 The Tribunal partly allowed the assessee's appeal for statistical purposes and dismissed the Revenue's appeal. Key outcomes included remanding the disallowance of late delivery fees and liquidated damages back to the AO for verification. The Tribunal upheld CIT(A)'s decisions on issues like Section 14A expenses, depreciation on windmills, and commission disallowance, emphasizing adherence to precedents and evidentiary requirements. The Tribunal also supported CIT(A) on provisions for warranty and long-term capital loss, aligning with established case law and lacking evidence of tax avoidance. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282167