https://www.taxtmi.com/caselaws?id=427566 The High Court upheld the decisions of the CIT(A) and the Tribunal, ruling in favor of the taxpayer on the adjustment of management fees paid to an Associated Enterprise and the addition of provision for obsolete inventory. Additionally, the Court allowed the set-off of losses from the Export Oriented Unit against other business income, emphasizing the applicability of Section 10B for such deductions. The appeal was dismissed as no substantial legal questions were found to arise in the case. en-us Thu, 08 Sep 2022 00:00:00 +0530 Mon, 02 Jan 2023 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427566 The High Court upheld the decisions of the CIT(A) and the Tribunal, ruling in favor of the taxpayer on the adjustment of management fees paid to an Associated Enterprise and the addition of provision for obsolete inventory. Additionally, the Court allowed the set-off of losses from the Export Oriented Unit against other business income, emphasizing the applicability of Section 10B for such deductions. The appeal was dismissed as no substantial legal questions were found to arise in the case. Case-Laws Income Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427566