https://www.taxtmi.com/caselaws?id=395480 The Tribunal dismissed the revenue's appeals, upholding the CIT (A)'s decisions. It emphasized the limitations of Section 154 for rectifications, the correct treatment of repair and maintenance expenses as regular manufacturing costs, the requirement for concrete evidence for disallowances under Section 69C, and the invalidity of arbitrary disallowances without supporting evidence. en-us Thu, 21 May 2020 00:00:00 +0530 Sat, 23 May 2020 10:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395480 The Tribunal dismissed the revenue's appeals, upholding the CIT (A)'s decisions. It emphasized the limitations of Section 154 for rectifications, the correct treatment of repair and maintenance expenses as regular manufacturing costs, the requirement for concrete evidence for disallowances under Section 69C, and the invalidity of arbitrary disallowances without supporting evidence. Case-Laws Income Tax Thu, 21 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395480