https://www.taxtmi.com/caselaws?id=437129 The ITAT partially allowed the appeal, directing the AO to rectify the disallowance of depreciation and the addition of unutilized CENVAT credit, and to delete the disallowance of obsolete inventory write-off. Adjustments to the ALP for corporate guarantee commission and interest-free loans were upheld. Other claims were dismissed, emphasizing adherence to precedents and proper accounting methods. en-us Fri, 10 Feb 2023 00:00:00 +0530 Sat, 26 Oct 2024 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437129 The ITAT partially allowed the appeal, directing the AO to rectify the disallowance of depreciation and the addition of unutilized CENVAT credit, and to delete the disallowance of obsolete inventory write-off. Adjustments to the ALP for corporate guarantee commission and interest-free loans were upheld. Other claims were dismissed, emphasizing adherence to precedents and proper accounting methods. Case-Laws Income Tax Fri, 10 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437129