https://www.taxtmi.com/caselaws?id=293543 The Tribunal ruled in favor of the assessee, ordering the disallowance of expenses pertaining to prior periods, including service tax and insurance claim, to be deleted. The Tribunal found that the write-offs were justified as they were not recoverable and were finalized during the year. It was determined that the service tax write-off was due to the unavailability of credit against payment, and the insurance claim was not admitted or paid by the insurance company. The appeal filed by the assessee was allowed, and the order in their favor was pronounced in November 2015. en-us Fri, 20 Nov 2015 00:00:00 +0530 Sat, 15 May 2021 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293543 The Tribunal ruled in favor of the assessee, ordering the disallowance of expenses pertaining to prior periods, including service tax and insurance claim, to be deleted. The Tribunal found that the write-offs were justified as they were not recoverable and were finalized during the year. It was determined that the service tax write-off was due to the unavailability of credit against payment, and the insurance claim was not admitted or paid by the insurance company. The appeal filed by the assessee was allowed, and the order in their favor was pronounced in November 2015. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293543