https://www.taxtmi.com/caselaws?id=388335 The Tribunal partly allowed the appeals, directing re-adjudication by the Assessing Officer post High Court decision. Penalties under Section 271(1)(c) were deleted due to related issues being restored. The exclusion of freight and insurance from turnover calculations was upheld, with verification for disallowance under Section 14A. The case outcome favored the assessee and Revenue for statistical purposes, pending further assessment by the Assessing Officer. en-us Thu, 07 Nov 2019 00:00:00 +0530 Wed, 13 Nov 2019 10:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388335 The Tribunal partly allowed the appeals, directing re-adjudication by the Assessing Officer post High Court decision. Penalties under Section 271(1)(c) were deleted due to related issues being restored. The exclusion of freight and insurance from turnover calculations was upheld, with verification for disallowance under Section 14A. The case outcome favored the assessee and Revenue for statistical purposes, pending further assessment by the Assessing Officer. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388335