https://www.taxtmi.com/caselaws?id=407364 The Tribunal ruled in favor of the assessee in most aspects, allowing claims related to excise duty, sundry balances written off, electricity expenses, and brokerage and commission payments. Penalties were deleted for excise duty, sundry balances, and electricity expenses disallowances. The penalty for depreciation on furniture was upheld due to a variance in opinion, while the penalty on interest from the Municipality was deemed unsustainable. Overall, the appeal was partially allowed, reflecting a thorough assessment of facts and legal principles. en-us Wed, 21 Apr 2021 00:00:00 +0530 Sat, 08 May 2021 08:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407364 The Tribunal ruled in favor of the assessee in most aspects, allowing claims related to excise duty, sundry balances written off, electricity expenses, and brokerage and commission payments. Penalties were deleted for excise duty, sundry balances, and electricity expenses disallowances. The penalty for depreciation on furniture was upheld due to a variance in opinion, while the penalty on interest from the Municipality was deemed unsustainable. Overall, the appeal was partially allowed, reflecting a thorough assessment of facts and legal principles. Case-Laws Income Tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407364