https://www.taxtmi.com/caselaws?id=311751 ITAT Ahmedabad dismissed assessee's appeal on deferred revenue expenses disallowance, following consistency principle from prior year ruling. However, ITAT allowed assessee's appeal on miscellaneous losses write-off deletion, citing identical facts from previous case. Multiple issues including government grant income recognition, correct income head classification, prior period expenses, and loss computation were remanded to AO for fresh adjudication. Revenue's appeal on guarantee fees disallowance was dismissed based on precedent. Revenue's ground on flood/cyclone losses was rejected due to adequate evidence. MAT computation issue was remanded for proper consideration of capital grants and subsidies. en-us Fri, 22 Jul 2022 00:00:00 +0530 Thu, 11 Jan 2024 09:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311751 ITAT Ahmedabad dismissed assessee's appeal on deferred revenue expenses disallowance, following consistency principle from prior year ruling. However, ITAT allowed assessee's appeal on miscellaneous losses write-off deletion, citing identical facts from previous case. Multiple issues including government grant income recognition, correct income head classification, prior period expenses, and loss computation were remanded to AO for fresh adjudication. Revenue's appeal on guarantee fees disallowance was dismissed based on precedent. Revenue's ground on flood/cyclone losses was rejected due to adequate evidence. MAT computation issue was remanded for proper consideration of capital grants and subsidies. Case-Laws Income Tax Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311751