https://www.taxtmi.com/caselaws?id=770552 ITAT Dehradun dismissed Revenue's appeal on multiple grounds. The tribunal held that auditor reports must be accepted in totality without selective picking for income computation. EPF/ECGI contribution disallowances were upheld per Supreme Court precedent in Checkmate Services, requiring verification of payment within due dates. Interest on government loans disallowance deletion was sustained based on tribunal's own precedent. Stock shortage disallowance for petroleum products was deemed adhoc without considering terrain/weather factors, with no similar disallowances in other years. Government loan after 10 years remained liability without evidence of nature change. However, accrued interest on earmarked funds was held taxable under mercantile system. Contract receipts shown as mobilization advances were not taxable as income. Section 14A disallowance was deleted due to absence of exempt income. en-us Fri, 09 May 2025 00:00:00 +0530 Sat, 10 May 2025 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770552 ITAT Dehradun dismissed Revenue's appeal on multiple grounds. The tribunal held that auditor reports must be accepted in totality without selective picking for income computation. EPF/ECGI contribution disallowances were upheld per Supreme Court precedent in Checkmate Services, requiring verification of payment within due dates. Interest on government loans disallowance deletion was sustained based on tribunal's own precedent. Stock shortage disallowance for petroleum products was deemed adhoc without considering terrain/weather factors, with no similar disallowances in other years. Government loan after 10 years remained liability without evidence of nature change. However, accrued interest on earmarked funds was held taxable under mercantile system. Contract receipts shown as mobilization advances were not taxable as income. Section 14A disallowance was deleted due to absence of exempt income. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770552