https://www.taxtmi.com/caselaws?id=58800 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing both the departmental appeal and the assessee's cross-objections. The CIT(A)'s deletions and allowances, including those related to discarded assets, excess bonus payments, entertainment expenses, relief under s. 40A(5)/40(c), fees paid to consultants, office expenses, stock valuation adjustments, bad debt claim, extra shift allowance, and depreciation on moulds, were confirmed by the Tribunal based on consistent accounting methods, legal principles, and relevant case law. en-us Mon, 31 Jul 1989 00:00:00 +0530 Wed, 22 Dec 2010 12:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58800 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing both the departmental appeal and the assessee's cross-objections. The CIT(A)'s deletions and allowances, including those related to discarded assets, excess bonus payments, entertainment expenses, relief under s. 40A(5)/40(c), fees paid to consultants, office expenses, stock valuation adjustments, bad debt claim, extra shift allowance, and depreciation on moulds, were confirmed by the Tribunal based on consistent accounting methods, legal principles, and relevant case law. Case-Laws Income Tax Mon, 31 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58800