https://www.taxtmi.com/caselaws?id=386471 The court ruled in favor of the assessee in a case involving multiple questions of law under the Income Tax Act, 1961. The judgment addressed issues such as the treatment of advance against depreciation, tariff adjustments as unascertained liability, disallowance of provisions for benefits, depreciation on land, application of legal precedents in profit computation, and calculation of interest under Section 234B. The court upheld the decisions of the CIT(A) and Tribunal, emphasizing correct application of tax laws and provisions in determining the tax liability of the assessee. en-us Fri, 20 Sep 2019 00:00:00 +0530 Sat, 28 Sep 2019 10:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386471 The court ruled in favor of the assessee in a case involving multiple questions of law under the Income Tax Act, 1961. The judgment addressed issues such as the treatment of advance against depreciation, tariff adjustments as unascertained liability, disallowance of provisions for benefits, depreciation on land, application of legal precedents in profit computation, and calculation of interest under Section 234B. The court upheld the decisions of the CIT(A) and Tribunal, emphasizing correct application of tax laws and provisions in determining the tax liability of the assessee. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386471