https://www.taxtmi.com/caselaws?id=386111 The Tribunal ruled in favor of the assessee for both Assessment Years 2007-08 and 2008-09. Various issues including revenue recognition, liquidated damages, depreciation claims, and expenditure deductions were decided in favor of the assessee based on consistent precedents. The Tribunal upheld the assessee's appeals in most instances, allowing deductions and provisions based on past decisions, while directing re-computation of disallowances in some cases. The Revenue's grounds were dismissed or decided against in line with earlier rulings. en-us Fri, 13 Sep 2019 00:00:00 +0530 Sat, 21 Sep 2019 12:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386111 The Tribunal ruled in favor of the assessee for both Assessment Years 2007-08 and 2008-09. Various issues including revenue recognition, liquidated damages, depreciation claims, and expenditure deductions were decided in favor of the assessee based on consistent precedents. The Tribunal upheld the assessee's appeals in most instances, allowing deductions and provisions based on past decisions, while directing re-computation of disallowances in some cases. The Revenue's grounds were dismissed or decided against in line with earlier rulings. Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386111