https://www.taxtmi.com/caselaws?id=397145 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The Tribunal directed the AO to allow prior period expenses crystallized during the assessment year, deemed genuine purchases, permitted deduction for belated ESI contribution payment, deleted additions for wealth tax and provisions for gratuity and leave encashment, and allowed set-off of accumulated losses beyond eight years based on the BIFR scheme. The Tribunal upheld the CIT(A)'s decisions, emphasizing the importance of documentary evidence and legal provisions. en-us Tue, 28 Jul 2020 00:00:00 +0530 Wed, 05 Aug 2020 22:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397145 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The Tribunal directed the AO to allow prior period expenses crystallized during the assessment year, deemed genuine purchases, permitted deduction for belated ESI contribution payment, deleted additions for wealth tax and provisions for gratuity and leave encashment, and allowed set-off of accumulated losses beyond eight years based on the BIFR scheme. The Tribunal upheld the CIT(A)'s decisions, emphasizing the importance of documentary evidence and legal provisions. Case-Laws Income Tax Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397145