https://www.taxtmi.com/caselaws?id=389785 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross objections. It upheld the CIT(A)'s decisions on the deletion of the addition of closing stock value due to diminution and claiming depreciation, adjustment to the value of current year opening stock, and adjustment while computing book profit under section 115JB. The Tribunal addressed the disallowance of provision for leave encashment pending a Supreme Court decision. en-us Fri, 29 Nov 2019 00:00:00 +0530 Tue, 17 Dec 2019 14:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389785 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross objections. It upheld the CIT(A)'s decisions on the deletion of the addition of closing stock value due to diminution and claiming depreciation, adjustment to the value of current year opening stock, and adjustment while computing book profit under section 115JB. The Tribunal addressed the disallowance of provision for leave encashment pending a Supreme Court decision. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389785