https://www.taxtmi.com/caselaws?id=287950 The Tribunal remitted various issues back to the Assessing Officer for fresh consideration based on Supreme Court guidelines and previous Tribunal decisions. The judgment highlighted the importance of detailed verification and adherence to legal precedents in determining the allowability of deductions and expenses claimed by the assesses. The Tribunal allowed certain deductions such as late deposit of employees' contributions to PF/ESIC, VSI contribution, Khodki charges, and deduction under section 80P(2)(d) on interest and dividend income. The status of the assessee as a Cooperative Society was confirmed, and certain claims for cane grant and closing molasses in process were allowed. en-us Wed, 01 May 2019 00:00:00 +0530 Tue, 12 May 2020 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287950 The Tribunal remitted various issues back to the Assessing Officer for fresh consideration based on Supreme Court guidelines and previous Tribunal decisions. The judgment highlighted the importance of detailed verification and adherence to legal precedents in determining the allowability of deductions and expenses claimed by the assesses. The Tribunal allowed certain deductions such as late deposit of employees' contributions to PF/ESIC, VSI contribution, Khodki charges, and deduction under section 80P(2)(d) on interest and dividend income. The status of the assessee as a Cooperative Society was confirmed, and certain claims for cane grant and closing molasses in process were allowed. Case-Laws Income Tax Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287950