https://www.taxtmi.com/caselaws?id=390603 The Tribunal partly allowed the assessee's appeal for the assessment year 2011-12, directing the deletion of disallowances related to rent expenditure, society maintenance charges, salary payments, interest expenses, raw material purchases, VAT reimbursement, foreign expenses, and rate difference. The Tribunal upheld the determination of 5% net profit for the Bhilai Unit and restricted disallowance under Section 14A to the extent of exempt income. The revenue's appeal was partly allowed for statistical purposes. For the assessment year 2012-13, the Tribunal partly allowed the assessee's appeal. en-us Wed, 11 Dec 2019 00:00:00 +0530 Tue, 07 Jan 2020 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390603 The Tribunal partly allowed the assessee's appeal for the assessment year 2011-12, directing the deletion of disallowances related to rent expenditure, society maintenance charges, salary payments, interest expenses, raw material purchases, VAT reimbursement, foreign expenses, and rate difference. The Tribunal upheld the determination of 5% net profit for the Bhilai Unit and restricted disallowance under Section 14A to the extent of exempt income. The revenue's appeal was partly allowed for statistical purposes. For the assessment year 2012-13, the Tribunal partly allowed the assessee's appeal. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390603