https://www.taxtmi.com/caselaws?id=297111 The Tribunal dismissed the revenue's appeal concerning the disallowance of a provision for damaged goods and depreciation on intangible assets. The CIT(A) upheld the appellant's contentions based on precedents in the appellant's own case for earlier assessment years. The Tribunal directed the Assessing Officer to verify actual expenditures and consider previous rulings, resulting in the dismissal of the revenue's appeal. The judgment underscores the importance of precedents in tax matters and the necessity of following earlier decisions in similar cases for informed decisions on disallowances and depreciations. en-us Fri, 14 Feb 2014 00:00:00 +0530 Thu, 19 Aug 2021 23:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297111 The Tribunal dismissed the revenue's appeal concerning the disallowance of a provision for damaged goods and depreciation on intangible assets. The CIT(A) upheld the appellant's contentions based on precedents in the appellant's own case for earlier assessment years. The Tribunal directed the Assessing Officer to verify actual expenditures and consider previous rulings, resulting in the dismissal of the revenue's appeal. The judgment underscores the importance of precedents in tax matters and the necessity of following earlier decisions in similar cases for informed decisions on disallowances and depreciations. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297111