https://www.taxtmi.com/caselaws?id=390833 The Tribunal allowed various expense deletions, including community welfare, temple, prior year's, and mines prospecting expenses. It upheld the treatment of foreign exchange gains, employees' stock option expenses, and certain disallowances. The Tribunal confirmed adjustments for excise duty, sales tax, MAT credit, and capital gains. It directed re-adjudication on service charges and unutilized MODVAT credit. The Tribunal remitted issues on interest income, truck hire charges, and additional grounds for further consideration. Both parties' appeals were partly allowed, and the AO was instructed to recalculate the assessee's income accordingly. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 13 Jan 2020 07:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390833 The Tribunal allowed various expense deletions, including community welfare, temple, prior year's, and mines prospecting expenses. It upheld the treatment of foreign exchange gains, employees' stock option expenses, and certain disallowances. The Tribunal confirmed adjustments for excise duty, sales tax, MAT credit, and capital gains. It directed re-adjudication on service charges and unutilized MODVAT credit. The Tribunal remitted issues on interest income, truck hire charges, and additional grounds for further consideration. Both parties' appeals were partly allowed, and the AO was instructed to recalculate the assessee's income accordingly. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390833