https://www.taxtmi.com/caselaws?id=389476 The tribunal dismissed the revenue's appeal and the assessee's cross objection in a tax case involving various issues such as loss of raw tobacco, undervaluation of closing stock, manufacturing loss, damaged goods disallowance, foreign travel expenses, excess depreciation, employees' contribution, and expenses under Section 35D of the I.T. Act. The tribunal upheld the CIT(A)'s decisions on the valuation methods, manufacturing process explanations, and disallowances, resulting in the dismissal of all appeals and cross objections. en-us Tue, 19 Nov 2019 00:00:00 +0530 Wed, 11 Dec 2019 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389476 The tribunal dismissed the revenue's appeal and the assessee's cross objection in a tax case involving various issues such as loss of raw tobacco, undervaluation of closing stock, manufacturing loss, damaged goods disallowance, foreign travel expenses, excess depreciation, employees' contribution, and expenses under Section 35D of the I.T. Act. The tribunal upheld the CIT(A)'s decisions on the valuation methods, manufacturing process explanations, and disallowances, resulting in the dismissal of all appeals and cross objections. Case-Laws Income Tax Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389476