https://www.taxtmi.com/caselaws?id=383515 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 43B related to sales tax collected under the UP State Government scheme was not pressed by the assessee as the deduction was granted in the subsequent year. The loss on sale of items held in work-in-progress was allowed as incidental business loss. The enhancement to book profit computation under Section 115JB was deleted as the CIT(A) could not enhance the assessment. The provision for warranty expenses and expenses towards the issue of FCCN were both allowed. en-us Wed, 17 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383515 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 43B related to sales tax collected under the UP State Government scheme was not pressed by the assessee as the deduction was granted in the subsequent year. The loss on sale of items held in work-in-progress was allowed as incidental business loss. The enhancement to book profit computation under Section 115JB was deleted as the CIT(A) could not enhance the assessment. The provision for warranty expenses and expenses towards the issue of FCCN were both allowed. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383515